Question

A store paid $240.00 for a dining room table. The manager of the store marks up the table by 125%. What is the new price of the dining room table?

A: $270.00.
B: $300.00.
C: $330.00.
D: $360.00.

Answer 1

D: $360.00 because The new price of the dining room table after a 125% markup is $360.00, found by adding the markup to the original cost.

Step-by-step explanation:

The store purchased the dining room table for $240.00 and then marked it up by 125%. To calculate the markup price, first, find 125% of $240.00:

\( \text{Markup} = 125\% \times \$240.00 \)

\( \text{Markup} = 1.25 \times \$240.00 \)

\( \text{Markup} = \$300.00 \)

To find the final price, add the markup to the original cost:

\( \text{Final Price} = \text{Original Cost} + \text{Markup} \)

\( \text{Final Price} = \$240.00 + \$300.00 \)

\( \text{Final Price} = \$360.00 \)

Therefore, the new price of the dining room table after a 125% markup is $360.00.