Solve the problem.
-Stevie bought a stereo for $225 and put it on sale at his store at a 55% markup rate. What was the retail price of the stereo? Round to the nearest cent if necessary.
A)$348.75
B)$325.00
C)$248.75
D)$450.00

Question

Quizplus · Accepted Answer

The retail price is calculated by adding the markup to the original price. A 55% markup on $225 is $225 * 0.55 = $123.75. Adding this to the original price gives $225 + $123.75 = $348.75.

Solve the Problem. -Stevie Bought a Stereo for $225 and Put It on Put