Solve the problem.
-Stevie bought a stereo for $\$ 245$ and put it on sale at his store at a $65 \%$ markup rate. What was the retail price of the stereo? Round to the nearest cent if necessary.
A) $\$ 490.00$
B) $\$ 345.00$
C) $\$ 404.25$
D) $\$ 304.25$

Question

Quizplus · Accepted Answer

The retail price is calculated by adding the markup to the original price. The markup is $65\%$ of $\$245$, which is $\$245 \times 0.65 = \$159.25$. Adding this to the original price gives $\$245 + \$159.25 = \$404.25$.

Solve the Problem $245\$ 245$245 And Put It on Sale at His Store at A And Put

Solve the Problem $\$ 245$ And Put It on Sale at His Store at A And Put