Question

Lori was paid a 15 percent commission for the home audio system that she sold. The electronics store had marked up the price of the system by 60 percent over the wholesale price of $264. How much did Lori earn for the sale of the home audio system? $15.84 $23.76 $39.60 $63.36

Answer 1

$63.36

Explanation:

The home audio system costs $264 wholesale.

The system's price had been increased by 60 percent at the electronics retailer.

Consequently, the increased cost is 60/100x264=$158.40.

The audio system's total cost is now $422.40 (264 + 158.40).

Given that Lori received a commission of = 15% on $422.40, her commission is now (15/100) x 422.40

= $63.36