Question

Job corporation sells remote controls at a wholesale price of $35.00. a store marks this up 85%. What is the selling price of the remote control?

1) $64.75
2) $64.50
3) $64.25
4) $64.00

Answer 1

The selling price of the remote control after an 85% markup on the wholesale price of $35.00 is $64.75. To find this, multiply the wholesale price by the markup percentage and add it to the original wholesale price.

Step-by-step explanation:

The subject of the question is Mathematics, specifically related to calculating the selling price of an item after a markup percentage has been applied. The question presents a scenario where a store purchases remote controls at a wholesale price of $35.00 and marks them up by 85%. To find the selling price of the remote control, we use the formula:

Selling Price = Wholesale Price + (Markup Percentage × Wholesale Price)

Substituting the given values:

Selling Price = $35.00 + (0.85 × $35.00)

Selling Price = $35.00 + $29.75

Selling Price = $64.75

Therefore, the correct selling price of the remote control after an 85% markup is $64.75, which corresponds to option 1).