An import/export business marks up imported merchandise by 120%. If an imported armoire originally costs $300, what is the marked up price?
A)$680
B)$660
C)$380
D)$360

Question

Quizplus · Accepted Answer

The markup is 120% of the original cost, so the increase is $300 * 120% = $360. The total marked up price is the original cost plus the increase, which is $300 + $360 = $660.

An Import/export Business Marks Up Imported Merchandise by 120