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If the wholesale price of an item is $250 and the markup is 20%, find the retail price of the item. Please explain. Thank you.

If the wholesale price of an item is $250 and the markup is 20%, find the retail price of the item. Please explain. Thank you.
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2 votes
If the wholesale price of an item is $250 and the markup is 20%, find the retail price of the item. Please explain. Thank you.

User Emadabel
by
8.0k points

2 Answers

2 votes

Answer: 300

Explanation:

20% of $250 is $50

So $300

User Homar
by
8.0k points
7 votes
20% of $250 is $50
So $300
User Sparker
by
8.1k points
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