Solve the problem.
-Stevie bought a stereo for $260 and put it on sale at his store at a 60% markup rate. What was the retail price of the stereo? Round to the nearest cent if necessary.
A) $360.00
B) $520.00
C) $416.00
D) $316.00

Question

Quizplus · Accepted Answer

The retail price is calculated by adding the markup to the original price. A 60% markup on $260 is $260 * 0.60 = $156. Adding this to the original price, $260 + $156 = $416.

Solve the Problem. -Stevie Bought a Stereo for $260 and Put It on Put