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

Question

asked Jun 24, 2020 136k views

1 Answer

Demitrian · Answer 1 · 2020-06-29T08:31:14+0000

Answer:

$150

Explanation:

$60 x 1.5 (Wholesale Price x Markup)

$90 (Gross Profit)

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

$150 (Retail Price)