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Answer :
To find the retail price of an item that was bought at wholesale for [tex]$112 and sold at a 40% markup, we need to understand how markup pricing works.
1. Understand Markup: A markup is an amount added to the wholesale price to arrive at the retail price. When we say a 40% markup, it means 40% of the wholesale price will be added to the original price.
2. Calculate the Markup Amount: First, calculate 40% of the wholesale price.
- The wholesale price is $[/tex]112.
- 40% of [tex]$112 is calculated as \(0.40 \times 112 = 44.8\).
3. Determine the Retail Price: Add the markup amount to the wholesale price to get the retail price.
- Retail Price = Wholesale Price + Markup Amount
- Retail Price = $[/tex]112 + [tex]$44.8 = $[/tex]156.8
Therefore, the expression that represents this process is [tex]\(\$112 + 0.40(\$112)\)[/tex], which corresponds to adding 40% of the wholesale price to the original price to find the retail price.
1. Understand Markup: A markup is an amount added to the wholesale price to arrive at the retail price. When we say a 40% markup, it means 40% of the wholesale price will be added to the original price.
2. Calculate the Markup Amount: First, calculate 40% of the wholesale price.
- The wholesale price is $[/tex]112.
- 40% of [tex]$112 is calculated as \(0.40 \times 112 = 44.8\).
3. Determine the Retail Price: Add the markup amount to the wholesale price to get the retail price.
- Retail Price = Wholesale Price + Markup Amount
- Retail Price = $[/tex]112 + [tex]$44.8 = $[/tex]156.8
Therefore, the expression that represents this process is [tex]\(\$112 + 0.40(\$112)\)[/tex], which corresponds to adding 40% of the wholesale price to the original price to find the retail price.
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