Bubble plc prices its product at the full cost of 4.75 per unit plus 70%.

A competitor has just launched a similar product selling for 7.99 per unit. KJU wishes to change the price of its productto match that of its competitor.

The product mark up percentage should be changed to:

a) 1.1%

b) 1.8%

c) 40.6%

d) 68.2%