A computer retailer can purchase a discontinued notebook PC for $800 and wants to obtain a 25 percent markup at retail.What retail price should be charged?
A)$800
B)$960
C)$1,000
D)$1,067

Question

Quizplus · Accepted Answer

To find the retail price with a 25% markup, we first need to calculate the markup amount.

Markup = Cost x Markup Rate
Markup = $800 x 0.25
Markup = $200

Then, we can calculate the retail price by adding the markup amount to the cost.

Retail Price = Cost + Markup
Retail Price = $800 + $200
Retail Price = $1,000

Therefore, the best choice is D.

A Computer Retailer Can Purchase a Discontinued Notebook PC for $800