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Answer :
To find the retail price of an item that costs [tex]$112 at wholesale with a 40% markup, you'll want to add 40% of the wholesale cost to the original price. Let's break it down step-by-step:
1. Identify the Wholesale Price:
The item is bought at a wholesale price of $[/tex]112.
2. Determine the Markup Percentage:
The item is sold with a 40% markup.
3. Calculate the Markup Amount:
Multiply the wholesale price by the markup percentage to find the markup amount.
[tex]\[
\text{Markup Amount} = \$112 \times 0.40 = \$44.80
\][/tex]
4. Calculate the Retail Price:
Add the markup amount to the wholesale price to get the retail price.
[tex]\[
\text{Retail Price} = \$112 + \$44.80 = \$156.80
\][/tex]
Therefore, the correct expression to use for finding the retail price is [tex]\(\$112 + 0.40(\$112)\)[/tex]. This expression correctly accounts for adding the 40% markup to the wholesale price.
1. Identify the Wholesale Price:
The item is bought at a wholesale price of $[/tex]112.
2. Determine the Markup Percentage:
The item is sold with a 40% markup.
3. Calculate the Markup Amount:
Multiply the wholesale price by the markup percentage to find the markup amount.
[tex]\[
\text{Markup Amount} = \$112 \times 0.40 = \$44.80
\][/tex]
4. Calculate the Retail Price:
Add the markup amount to the wholesale price to get the retail price.
[tex]\[
\text{Retail Price} = \$112 + \$44.80 = \$156.80
\][/tex]
Therefore, the correct expression to use for finding the retail price is [tex]\(\$112 + 0.40(\$112)\)[/tex]. This expression correctly accounts for adding the 40% markup to the wholesale price.
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