calculate the retail price given the original price and percent markup. original price: $6.43; markup: 38% a…
calculate the retail price given the original price and percent markup. original price: $6.43; markup: 38% a $10.37 b $4.66 c $3.99 d $8.87
Answer
Explanation:
Step1: Convert percentage to decimal
$38% = 0.38$
Step2: Calculate markup amount
$6.43\times0.38 = 2.4434$
Step3: Calculate retail price
$6.43 + 2.4434=8.8734\approx8.87$
Answer:
d. $8.87$