which expression can be used to find the retail price of an item that was bought at wholesale for $112 and…

which expression can be used to find the retail price of an item that was bought at wholesale for $112 and sold at a 40% markup?\n$112 + 4($112)\n$112 - 4($112)\n$112 - 0.40($112)\n$112 + 0.40($112)

which expression can be used to find the retail price of an item that was bought at wholesale for $112 and sold at a 40% markup?\n$112 + 4($112)\n$112 - 4($112)\n$112 - 0.40($112)\n$112 + 0.40($112)

Answer

Explanation:

Step1: Understand markup concept

Markup is added to cost price.

Step2: Convert percentage to decimal

40% = 0.40.

Step3: Calculate retail price formula

Retail price = Cost price+Markup amount. Markup amount = 0.40×Cost price. So retail price of item with cost price $112 is $112 + 0.40($112).

Answer:

$112 + 0.40($112)