Question

Moon Sporting Goods received a shipment of tennis rackets and marked them up 45%. The cost of the tennis rackets to Moon was $85. What is the minimum selling price for the tennis racket?

Answer 1

$123.25

Explanation:

A selling price reflecting a 45% markup can be found by multiplying the wholesale price ($85) by (1 + 0.45), or 1.45:

1.45($85) = $123.25