Answer :
To find the retail price of an item that was bought at a wholesale price of $112 and sold with a 40% markup, we need to add the markup to the original wholesale price.
A markup of 40% means that you add 40% of the wholesale price to the original price to get the retail price. To express this mathematically:
First, calculate 40% of the wholesale price:
[tex]0.40 \times 112 = 44.8[/tex]
This means the markup amount is $44.8.
Therefore, the retail price is the wholesale price plus the markup:
[tex]112 + 44.8 = 156.8[/tex]
In this scenario, the expression that gives us the retail price is:
[tex]\$112 + 0.40(\$112)[/tex]
So, the correct multiple choice option is D. $112 + 0.40($112).
