henri bought a swim suit at a cost of $8. which statements are true regarding the cost of the suit? select…

henri bought a swim suit at a cost of $8. which statements are true regarding the cost of the suit? select three options.\nif the selling price is marked up by 25 percent, the new price will be $10.\nif the selling price is marked up by 40 percent, the new price will be $7.50.\nif the selling price is marked up by 55 percent, the new price will be $5.50.\nif the selling price is marked up by 70 percent, the new price will be $13.60.\nif the selling price is marked up by 75 percent, the new price will be $14.

henri bought a swim suit at a cost of $8. which statements are true regarding the cost of the suit? select three options.\nif the selling price is marked up by 25 percent, the new price will be $10.\nif the selling price is marked up by 40 percent, the new price will be $7.50.\nif the selling price is marked up by 55 percent, the new price will be $5.50.\nif the selling price is marked up by 70 percent, the new price will be $13.60.\nif the selling price is marked up by 75 percent, the new price will be $14.

Answer

Explanation:

Step1: Calculate new - price for 25% markup

The formula for calculating the new price after a markup is $P = C(1 + r)$, where $C$ is the original cost and $r$ is the rate of markup. For a 25% ($r = 0.25$) markup on a cost $C=$8$, we have $P=8\times(1 + 0.25)=8\times1.25 = 10$.

Step2: Calculate new - price for 40% markup

For a 40% ($r = 0.4$) markup on a cost $C = 8$, we have $P=8\times(1 + 0.4)=8\times1.4 = 11.2\neq7.5$.

Step3: Calculate new - price for 55% markup

For a 55% ($r = 0.55$) markup on a cost $C = 8$, we have $P=8\times(1 + 0.55)=8\times1.55 = 12.4\neq5.5$.

Step4: Calculate new - price for 70% markup

For a 70% ($r = 0.7$) markup on a cost $C = 8$, we have $P=8\times(1 + 0.7)=8\times1.7 = 13.6$.

Step5: Calculate new - price for 75% markup

For a 75% ($r = 0.75$) markup on a cost $C = 8$, we have $P=8\times(1 + 0.75)=8\times1.75 = 14$.

Answer:

If the selling price is marked up by 25 percent, the new price will be $10. If the selling price is marked up by 70 percent, the new price will be $13.60. If the selling price is marked up by 75 percent, the new price will be $14.