use the sliders to adjust the original cost and markup to find the selling price.\nselling price…

use the sliders to adjust the original cost and markup to find the selling price.\nselling price calculation\noriginal cost $50.00\nmarkup $0.00\nselling price $50.00\n$10 $20 $30 $40 $50 $60 $70 $80 $90\ncost: $50 markup: 0%\na store bought jeans at a cost of $40 a pair. select all the statements that are true.\n□ if the price is marked up 20%, the selling price will be $60.\n□ if the price is marked up 25%, the selling price will be $50.\n□ if the selling price is $65, the price is marked up 50%.\n□ if the selling price is $70, the price is marked up 75%.

use the sliders to adjust the original cost and markup to find the selling price.\nselling price calculation\noriginal cost $50.00\nmarkup $0.00\nselling price $50.00\n$10 $20 $30 $40 $50 $60 $70 $80 $90\ncost: $50 markup: 0%\na store bought jeans at a cost of $40 a pair. select all the statements that are true.\n□ if the price is marked up 20%, the selling price will be $60.\n□ if the price is marked up 25%, the selling price will be $50.\n□ if the selling price is $65, the price is marked up 50%.\n□ if the selling price is $70, the price is marked up 75%.

Answer

Explanation:

Step1: Recall markup - selling price formula

Selling price = Original cost×(1 + Markup percentage)

Step2: Check the first statement

Original cost = $40, Markup percentage = 20%=0.2. Selling price = 40×(1 + 0.2)=40×1.2 = 48≠60. So this statement is false.

Step3: Check the second statement

Original cost = $40, Markup percentage = 25% = 0.25. Selling price = 40×(1+0.25)=40×1.25 = 50. This statement is true.

Step4: Check the third statement

Original cost = $40, Selling price = $65. Markup percentage=(Selling price/Original cost - 1)×100%=(65/40 - 1)×100%=(1.625 - 1)×100% = 62.5%≠50%. So this statement is false.

Step5: Check the fourth statement

Original cost = $40, Selling price = $70. Markup percentage=(70/40 - 1)×100%=(1.75 - 1)×100% = 75%. This statement is true.

Answer:

  • It the price is marked up 25%, the selling price will be $50.
  • If the selling price is $70, the price is marked up 75%.