Answer :
To find the retail price of an item that was bought at wholesale for [tex]$112 and sold with a 40% markup, you can follow these steps:
1. Understand Markup: A 40% markup means you increase the wholesale price by 40% of that price.
2. Calculate the Markup Amount:
- Find 40% of the wholesale price ($[/tex]112).
- To do this, multiply [tex]$112 by 0.40 (since 40% as a decimal is 0.40).
3. Add the Markup to the Wholesale Price:
- Add the markup amount you calculated in the previous step to the original wholesale price ($[/tex]112).
4. Choose the Correct Expression:
- The expression [tex]\(\$112 + 0.40(\$112)\)[/tex] represents adding a 40% markup to the wholesale price.
- This expression correctly calculates the retail price by first finding 40% of [tex]$112 and then adding that amount to $[/tex]112.
So, the correct expression to find the retail price is [tex]\(\$112 + 0.40(\$112)\)[/tex], which results in a retail price of $156.80 when calculated.
1. Understand Markup: A 40% markup means you increase the wholesale price by 40% of that price.
2. Calculate the Markup Amount:
- Find 40% of the wholesale price ($[/tex]112).
- To do this, multiply [tex]$112 by 0.40 (since 40% as a decimal is 0.40).
3. Add the Markup to the Wholesale Price:
- Add the markup amount you calculated in the previous step to the original wholesale price ($[/tex]112).
4. Choose the Correct Expression:
- The expression [tex]\(\$112 + 0.40(\$112)\)[/tex] represents adding a 40% markup to the wholesale price.
- This expression correctly calculates the retail price by first finding 40% of [tex]$112 and then adding that amount to $[/tex]112.
So, the correct expression to find the retail price is [tex]\(\$112 + 0.40(\$112)\)[/tex], which results in a retail price of $156.80 when calculated.
