Find the missing numbers. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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A)Cost Price: $36.53 Selling Price: $25.09
B)Cost Price: $0.25 Selling Price: $11.69
C)Cost Price: $11.44 Selling Price: $22.88
D)Cost Price: $25.09 Selling Price: $36.53

Question

Find the missing numbers. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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A)Cost Price: $36.53 Selling Price: $25.09 
B)Cost Price: $0.25 Selling Price: $11.69 
C)Cost Price: $11.44 Selling Price: $22.88 
D)Cost Price: $25.09 Selling Price: $36.53

Quizplus · Accepted Answer

To find the missing numbers, we need to calculate the percent of markup or percent of discount.
For A: 
Percent of markup = (Selling Price - Cost Price)/Cost Price x 100
= (25.09 - 36.53)/36.53 x 100
≈ -31.4%
So, the missing number is 31.4% of discount.

For B:
Percent of markup = (Selling Price - Cost Price)/Cost Price x 100
= (11.69 - 0.25)/0.25 x 100
≈ 4576%
This is not a reasonable markup rate, so there must be an error in the given data.

For C:
Percent of markup = (Selling Price - Cost Price)/Cost Price x 100
= (22.88 - 11.44)/11.44 x 100
≈ 99.6%
So, the missing number is 99.6% of markup.

For D:
Percent of markup = (Selling Price - Cost Price)/Cost Price x 100
= (36.53 - 25.09)/25.09 x 100
≈ 45.5%
So, the missing number is 45.5% of markup.

The best choice is D because it has a reasonable markup rate and matches the given data.

Find the Missing Numbers