Question

Which expression can be used to find the retail price of an item that was bought at wholesale for $112 and sold at a 40% markup? $112 + 4($112) $112 – 4($112) $112 – 0.40($112) $112 + 0.40($112)

Answer 1

Last option :
`112 +0.40(112)`

Explanation:

The wholesale price = $112

Markup percentage = 40% or 0.40

So, the expression that will give the retail price of the item =
`112 +0.40(112)`

Retail price = purchase/wholesale price plus markup

So, answer is :
`112 +0.40(112)`

Answer 2

The expression that shows 40% of the cost being added to the cost is
$112 + 0.40($112)