Question

Rick buys remote control cars to resell. He applies a markup of 21%. Enter two expressions that represent the retail price of the cars. Use c to represent the original price of the remote control cars. Two expressions that represent the retail price of the cars

Answer 1

The two expressions that represent the retail price of cars is: Retail price = 1.21c and Retail price = c + 0.21c

Solution:

Given that,

Rick buys remote control cars to resell

He applies a markup of 21%

Let "c" be the original price of remote control cars

To find: Expression for retail price of car

We know that,

Retail price = original price + markup

Here, markup price = 21 % of original price

Markup price = 21 % of c

Therefore, substituting the given values we get,

Retail price = c + 21 % of c

$\text{ Retail price } = c + 21 \% \times c\\\\\text{ Retail price } = c + \frac{21}{100} \times c\\\\\text{ Retail price } = c + 0.21c$

This can also be expressed as,

$\text{ Retail price } = c + 0.21c = 1.21c$

Thus two expressions that represent the retail price of cars is: Retail price = 1.21c and Retail price = c + 0.21c