Question

Positive fractions are to the right of zero, and negative fractions are to the left. Fractions increase as you go from left to right. They decrease as you go from right to left. If a tire store produces tires that cost $37 to make, how much would you sell them for if you marked them up by 375%?

a) $153.38
b) $175.25
c) $139.75
d) $100.25

Answer 1

To calculate the selling price of the tires with a 375% markup, multiply the cost by the markup percentage and then add the cost and the markup. The correct answer is $175.25.

Step-by-step explanation:

To calculate the selling price of the tires with a 375% markup, we first need to find the cost of the markup. To do this, we multiply the cost of making the tires ($37) by the markup percentage (375%).

Markup = Cost x Markup Percentage = $37 x 375% = $138.75

Then, we add the cost and the markup to get the selling price:

Selling Price = Cost + Markup = $37 + $138.75 = $175.75

Therefore, the correct answer is b) $17