Question

Flip-flops have a wholesale cost of $8.00. A shoe store wants to sell them a markup of 85%. What are the amounts of markup and the retail price of the footwear?

-Answer choices-

A. Markup: $1.20; retail price: $9.20

B. Markup: $6.00; retail price: $14:00

C. Markup: $6.80; retail price: $1.20

D. Markup: $6.80; retail price: $14:80

Answer 1

D. Markup: $6.80; retail price: $14.80

Explanation:

Wholesale price = $8.00

Markup price is
`(85)/(100)` × $8.00 = $6.80

Retail price = Wholesale price + Markup price

Retail price = $8.00 + $6.80 = $14.80

Answer 2

D.Markup;6.80; retail price: $14.80