Question

The mark-up on iPhone X's is 250%. If an iPhone costs $200 to make, how much will Apple sell the phone for to make a profit?

A. $500
B. $50
C. $700
D. $300

Answer 1

$700 (C)

Explanation:

The markup on the phone will be 2.5 * $200 = 500. Then, we add $200 onto that to get $700 total.