At what price must an Book costing $47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?
Choose the correct choice from the following answers:
A) 72.5	B) 55.5	C) 62.5	D) 82.5	E) 60.5

Rationale: "c $ 62.50 cp = 47.50 sp = 47.50 * ( 125 / 100 ) = 59.375 mp * ( 95 / 100 ) = 59.375 mp = 62.5"
Answer: C