Question

Henri bought a swim suit at a cost of $8. Which statements are true regarding the cost of the suit? Select three options. If the selling price is marked up by 25 percent, the new price will be $10. If the selling price is marked up by 40 percent, the new price will be $7.50. If the selling price is marked up by 55 percent, the new price will be $5.50. If the selling price is marked up by 70 percent, the new price will be $13.60. If the selling price is marked up by 75 percent, the new price will be $14.

Answer 1

Answer: A,D,E

Explanation:

Answer 2

The cost price of a swim-suit, C.P.=$8

Option 1:

If the selling price is marked up by 25%, the new selling price is

`S.P.=C.P.+C.P.* 25\%`

`=8+8*(25)/(100)`

=8+2

=10

So, the selling price will be $10 which is the same as the mentioned selling price.

Hence, this option is correct.

Option 2:

If the selling price is marked up by 40%, the new selling price is

`S.P.=C.P.+C.P.* 40\%`

`=8+8*(40)/(100)`

=8+3.20

=11.20

So, the selling price will be $11.20 which is not the same as the mentioned selling price, $7.50.

Hence, this option is wrong.

Option 3:

If the selling price is marked up by 55%, the new selling price is

`S.P.=C.P.+C.P.* 55\%`

`=8+8*(55)/(100)`

=8+4.40

=12.40

So, the selling price will be $12.40 which is not the same as the mentioned selling price, $5.50.

Hence, this option is wrong.

Option 4:

If the selling price is marked up by 70%, the new selling price is

`S.P.=C.P.+C.P.* 70\%`

`=8+8*(70)/(100)`

=8+5.60

=13.60

So, the selling price will be $13.60 which is the same as the mentioned selling price.

Hence, this option is correct.

Option 5:

If the selling price is marked up by 75%, the new selling price is

`S.P.=C.P.+C.P.* 75\%`

`=8+8*(75)/(100)`

=8+6

=14

So, the selling price will be $14 which is the same as the mentioned selling price.

Hence, this option is correct.