Question

Justin is buying a cell phone that had a wholesale price of

$495. The cell phone was marked up 25%.

What is the selling price of the cell phone?

Answer 1

$371.25

Explanation:

If you want to take away 25%, you would need to find out how much 75% of the current price is. IF you think about it, 75% of the $495 is 25% of 100% of it taken away.

So

0.75 x 495 = 371.25