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 we are given only the cost of the item and the markup percentage, we need to use the formula:
Selling price = Cost + (Markup percentage/100)*Cost
For option B:
Cost = $78.40 (given)
Markup percentage = 14.5% (given)
Selling price = $89.79
Hence, the missing number is $89.79. This is the best choice as it is the only option that fits the given cost and markup percentage.

Solve for the Missing Numbers