Solve for the missing numbers. Markup is based on cost. Round dollar amounts to the nearest cent.
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Question

Quizplus · Accepted Answer

Since the markup is based on cost, we can use the formula Cost = Price / (1 + Markup%) to find the cost of the item. Then, we can use the cost and markup percentage to find the price.

For option A, we have Cost = 107.99 / 1.3 = 83.07, which means the markup is 30%. So the price should be Price = Cost * (1 + Markup%) = 83.07 * 1.3 = 107.99, which matches the given price. Therefore, this option is correct.

For option B, we have Cost = 209.99 / 1.5 = 139.99, which means the markup is 50%. So the price should be Price = Cost * (1 + Markup%) = 139.99 * 1.5 = 209.99, which matches the given price. Therefore, this option is correct.

For option C, we have Cost = 499.99 / 1.25 = 399.99, which means the markup is 25%. So the price should be Price = Cost * (1 + Markup%) = 399.99 * 1.25 = 499.99, which matches the given price. Therefore, this option is correct.

For option D, we have Cost = 199.99 / 1.4 = 142.85, which means the markup is 40%. So the price should be Price = Cost * (1 + Markup%) = 142.85 * 1.4 = 199.99, which matches the given price. Therefore, this option is correct.

However, options A, B, and D have prices with repeating decimals, which is not practical in real-world scenarios. Therefore, option C is the best choice since it has a price that can be rounded to a more practical number ($499.99).

Solve for the Missing Numbers