3
QuizMultiple Choice

Markups and Markdowns — Quiz

Question 3 • Grade 7 Mathematics

What is the retail price of a couch at a furniture store that has a wholesale price of 115 dollars and is marked up by 75 percent?

Answer
A
316 point 2 5 dollars
B
190 point 0 0 dollars
C
86 point 2 5 dollars
D
201 point 2 5 dollars

Explanation

A 75% markup means the store adds 75% of the wholesale price to that price. The markup is 0.75 × $115 = $86.25, so the retail price is $115 + $86.25 = $201.25. The correct choice is D, $201.25.

AI-written and checked against the verified answer.

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