Question

Use the original price and the markup to find the retail price.

Original price: $68; Markup: 25%
The retail price is $__________.
A) $85
B) $84
C) $90
D) $102

Answer 1

To find the retail price, convert the markup percentage to a decimal and multiply it by the original price, then add the result to the original price. The retail price of the item with an original price of $68 and a markup of 25% is $85.

Step-by-step explanation:

To find the retail price of an item when given the original price and the markup percentage, you first need to calculate the amount of the markup in dollars. This is done by multiplying the original price by the markup percentage (expressed as a decimal). Then, you add this amount to the original price to get the retail price.

Let's calculate it step by step:

1. Convert the markup percentage to a decimal: 25% = 0.25
2. Multiply the original price by the markup decimal: $68 × 0.25 = $17
3. Add the markup to the original price to find the retail price: $68 + $17 = $85

So, the retail price of the item is $85. The correct answer is A) $85.