the wholesale price of a lamp is $44 and will be marked up by 40 percent. what is the retail price of the…
the wholesale price of a lamp is $44 and will be marked up by 40 percent. what is the retail price of the lamp?\n$40.00\n$48.00\n$61.60\n$84.40
Answer
Explanation:
Step1: Calculate markup amount
$44\times0.4 = 17.6$
Step2: Calculate retail price
$44 + 17.6=61.6$
Answer:
$61.60$