Solve the problem.
-Stevie bought a stereo for $275 and put it on sale at his store at a 50% markup rate. What was the retail price of the stereo?
A) $550.00
B) $412.50
C) $312.50
D) $375.00

Question

Quizplus · Accepted Answer

The retail price is calculated by adding the markup to the original price. A 50% markup on $275 is $137.50 ($275 * 0.50), so the retail price is $275 + $137.50 = $412.50.

Solve the Problem. -Stevie Bought a Stereo for $275 and Put It on Put