Question

Eduardo bought a refrigerator with a sticker price of $2400. If he paid $35 a week for two years, what was the approximate markup rate on the refrigerator?

A. 65.9%
B. 51.7%
C. 34.1%
D. 75.8%

Answer 1

There are 52 weeks a year
In 2 years there are 104 weeks

Total paid
35×104=3,640

markup rate
((3,640−2,400)÷2,400)×100=51.7%

It's b

Answer 2

The correct answer is option B

Explanation:

Payment done per week
`= 35 dollar\\`

Total number of weeks in a year
`= 52 weeks\\`

Total number of weeks in two year
`= 104 weeks\\`

Total amount paid in two weeks

`= 35 * 104\\=3,640\\`

The make up rate is basically the amount paid over and above $2400

`=((3640 - 2400)/(2400) ) * 100\\= 51. 7 perecent`