
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
George aims to achieve a profit of 20% on the selling price of a product, and his expenses amount to 20% of sales. If a product sells for $10.00, determine the rate of markup on this product.
A) $40\%$
B) $50\%$
C) $66\frac{2}{3}\%$
D) $75\%$

Present the answer in LaTex format: \boxed{Your answer}
user