Answer :
To find the retail price of an item that was bought at wholesale for [tex]$112 and sold at a 40% markup, we can follow these steps:
1. Calculate the Markup Amount:
- First, determine the amount of markup by finding 40% of the wholesale price.
- To find 40% of $[/tex]112, you multiply 112 by 0.40.
- The result is a markup amount of [tex]$44.80.
2. Calculate the Retail Price:
- The retail price is the sum of the wholesale price and the markup amount.
- Add $[/tex]112 to the markup amount of [tex]$44.80.
- The result is a retail price of $[/tex]156.80.
Therefore, the correct expression to find the retail price is [tex]\(\$112 + 0.40(\$112)\)[/tex]. This option adds the markup directly to the original wholesale price, resulting in the final retail price of $156.80.
1. Calculate the Markup Amount:
- First, determine the amount of markup by finding 40% of the wholesale price.
- To find 40% of $[/tex]112, you multiply 112 by 0.40.
- The result is a markup amount of [tex]$44.80.
2. Calculate the Retail Price:
- The retail price is the sum of the wholesale price and the markup amount.
- Add $[/tex]112 to the markup amount of [tex]$44.80.
- The result is a retail price of $[/tex]156.80.
Therefore, the correct expression to find the retail price is [tex]\(\$112 + 0.40(\$112)\)[/tex]. This option adds the markup directly to the original wholesale price, resulting in the final retail price of $156.80.
