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Answer :
To find the retail price of an item that was bought at a wholesale price of \[tex]$112 with a 40% markup, you can follow these steps:
1. Understand the markup concept: A markup is an additional amount added to the wholesale price. In this case, it is 40% of the wholesale price.
2. Calculate the markup amount: You need to find 40% of the wholesale price. This is done by multiplying the wholesale price by the markup percentage (expressed as a decimal).
\[
\text{Markup amount} = 0.40 \times \$[/tex]112
\]
3. Compute the markup amount:
[tex]\[
\text{Markup amount} = \$44.80
\][/tex]
4. Find the retail price: To get the retail price, add the markup amount to the original wholesale price.
[tex]\[
\text{Retail price} = \$112 + \$44.80 = \$156.80
\][/tex]
Therefore, the correct expression to calculate the retail price is:
[tex]\[
\$112 + 0.40 (\$112)
\][/tex]
Using this expression, you will find that the retail price is \$156.80.
1. Understand the markup concept: A markup is an additional amount added to the wholesale price. In this case, it is 40% of the wholesale price.
2. Calculate the markup amount: You need to find 40% of the wholesale price. This is done by multiplying the wholesale price by the markup percentage (expressed as a decimal).
\[
\text{Markup amount} = 0.40 \times \$[/tex]112
\]
3. Compute the markup amount:
[tex]\[
\text{Markup amount} = \$44.80
\][/tex]
4. Find the retail price: To get the retail price, add the markup amount to the original wholesale price.
[tex]\[
\text{Retail price} = \$112 + \$44.80 = \$156.80
\][/tex]
Therefore, the correct expression to calculate the retail price is:
[tex]\[
\$112 + 0.40 (\$112)
\][/tex]
Using this expression, you will find that the retail price is \$156.80.
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