Blossom Company uses the gross profit method for internal reporting purposes and has experienced a gross profit of $43\mathrm{.}00\%$ of sales.

If Blossom wants to earn the same gross profit using a mark$-$up based on a percentage of cost$,$ the mark$-$up percentage on cost would

need to be

$43\mathrm{.}00\%$

$75\mathrm{.}44\%$

$23\mathrm{.}00\%$

$22\mathrm{.}00\%$