Resner Builders' Hardware uses a markup rate of 36% for a table saw that costs $190. What is the selling price of the table saw?
A) $193.80
B) $68.40
C) $684.00
D) $258.40
E) $448.40

Question

Quizplus · Accepted Answer

The selling price is calculated by adding the markup to the cost. The markup is 36% of $190, which is $190 * 0.36 = $68.40. Adding the markup to the cost gives $190 + $68.40 = $258.40.

Resner Builders' Hardware Uses a Markup Rate of 36% for a Table