Question

Top Tech adds 55% to the wholesale cost it pays for its inventory. Top Tech bought a wireless mouse for $24. What will be the retail price of the wireless mouse? Round to the nearest penny.

Answer 1

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Answer:

$37.20

Explanation:

Adding 55% to the cost means the cost is multiplied by 1+55% = 1.55.

$24 × 1.55 = $37.20

The retail price will be marked as $37.20.