The wholesale price of a lamp is 44 dollars and will be marked up by 40 percent. What is the retail price of the lamp?
Answer
A
61 point 6 0 dollars
B
84 point 4 0 dollars
C
40 point 0 0 dollars
D
48 point 0 0 dollars
Explanation
A 40% markup on $44 is 0.40 × $44 = $17.60. Add the markup to the wholesale price: $44 + $17.60 = $61.60. Therefore, the retail price is 61.60 dollars, choice A.
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