Calculate the retail price of an item for which the retailer paid $120 and applied a mark-up on cost of 30% of cost.
A) $150
B) $156
C) $168
D) $171
E) $189

Name: Calculate the retail price of an item for which the retailer paid $120 and applied a mark-up on cost of 30% of cost. A) $150 B) $156 C) $168 D) $171 E) $189
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Question

Quizplus · Accepted Answer

The retail price is calculated by adding a 30% mark-up to the cost: $120 + (0.30 * $120) = $156.

Calculate the Retail Price of an Item for Which the Retailer