The Grey Goat buys a bicycle wholesale for $125.50 and marks up the price by 75% to sell to the customer. What is the retail pri ce of the bicycle? Group of answer choices
2 answers:
Answer:
$219.63
Step-by-step explanation:
Market is the net of price and the cost of the product. It is calculated by applying a defined percentage on cost of the product and added to the cost to make a price to sale.
The wholesale price / cost = $125.50
Mark up rate = 75%
Markup received = $125.50 x 75% = $94.13
Retail Price = Cost + Markup
Retail Price = 125.50 + 94.13 = $219.63
Answer:
$219.625
Step-by-step explanation:
0.75 x $125.50 = $94.125
Total retail price = $125.5 + $94.125
= $219.625
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