9
QuizMultiple Choice

Financial Applications of Fractions, Decimals, and Percentages — Quiz

Question 9 • Financial Math

It costs a potter 42 dollars to create one type. The potter marks up the vase 25 percent When the vase sells, the market site charges 1 point 2 percent to process payment. If the vase sells without any other costs or discounts, how much does the potter collect? Round to the nearest hundredth if necessary.

Answer
A
41 point 5 0 dollars
B
52 point 5 0 dollars
C
31 point 1 2 dollars
D
51 point 8 7 dollars

Explanation

A 25% markup on the $42 cost is $42 × 0.25 = $10.50, so the vase sells for $52.50. The payment-processing fee is $52.50 × 0.012 = $0.63. Subtracting the fee, the potter collects $52.50 − $0.63 = $51.87, which is choice D.

AI-written and checked against the verified answer.

Previous
Next