question 8(multiple choice worth 4 points)\n(converting fractions to percentages and decimals lc)\na camping…

question 8(multiple choice worth 4 points)\n(converting fractions to percentages and decimals lc)\na camping store purchases tents from the manufacturer for $175. the camping store then marks up the tents 40% to sell to their customers. what price do the customers pay for the tents?\n$280\n$245\n$105\n$70

question 8(multiple choice worth 4 points)\n(converting fractions to percentages and decimals lc)\na camping store purchases tents from the manufacturer for $175. the camping store then marks up the tents 40% to sell to their customers. what price do the customers pay for the tents?\n$280\n$245\n$105\n$70

Answer

Explanation:

Step1: Calculate the markup amount

The markup is 40% of the cost - price. The cost - price of the tent is $175. The markup amount $m$ is calculated as $m = 0.4\times175$. $m=0.4\times175 = 70$

Step2: Calculate the selling price

The selling price $s$ is the sum of the cost - price $c$ and the markup amount $m$. So $s=c + m$. Here, $c = 175$ and $m = 70$. $s=175+70=245$

Answer:

$245$ (B. $245$)