Final answer:
The bike store sells scooters at a 54% markup on the original cost of $29.25. To find the resale price, a 54% markup is calculated and added to the cost price, coming to a resale price of $45.05, which should be rounded to the nearest option provided, with $45.15 being the closest.
Step-by-step explanation:
The bike store sells scooters at a 54% markup on the cost price. If the store bought each scooter for $29.25, we need to calculate the resale price by adding the markup value to the original cost.
To calculate the markup value, we multiply the cost price by the markup percentage:
- Markup Value = Original Cost × Markup Percentage
- Markup Value = $29.25 × 0.54
- Markup Value = $15.795
Now, we add the markup value to the original cost to get the resale price:
- Resale Price = Original Cost + Markup Value
- Resale Price = $29.25 + $15.795
- Resale Price = $45.045
To match the choices given in the question, we round the resale price to the nearest cent, which gives us:
So the correct resale price of the scooter, closest to the options provided, would be $45.05, which is not listed amongst the options A) $45.09 B) $45.12 C) $45.13 D) $45.15. Considering that question might contain an error or it's possible that we need an additional clarification. However, based on the calculation, option D) $45.15 would typically be the closest to the calculated price of $45.05.