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A mobile phone has a wholesale price of $60 and is marked up by 150%. What is the retail price?
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A mobile phone has a wholesale price of $60 and is marked up by 150%. What is the retail price?

User Oldo
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8.3k points

1 Answer

6 votes

Answer:

$150

Explanation:

$60 x 1.5 (Wholesale Price x Markup)

$90 (Gross Profit)

$60 + $90 (Wholesale Price + Gross Profit)

$150 (Retail Price)

User Demitrian
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8.1k points
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