what is the retail price of a couch at a furniture store that has a wholesale price of $115 and is marked up…

what is the retail price of a couch at a furniture store that has a wholesale price of $115 and is marked up by 75 percent?\n$86.25\n$190.00\n$201.25\n$316.25

what is the retail price of a couch at a furniture store that has a wholesale price of $115 and is marked up by 75 percent?\n$86.25\n$190.00\n$201.25\n$316.25

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Wholesale price × Mark - up percentage. The wholesale price is $115 and the mark - up percentage is 75% or 0.75 in decimal form. So, the markup amount is $115×0.75 = 86.25$.

Step2: Calculate the retail price

Retail price = Wholesale price+Markup amount. Substitute the values: Retail price = $115 + 86.25=201.25$.

Answer:

C. $201.25