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erma4kov [3.2K]
4 years ago
8

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
Mathematics
2 answers:
ArbitrLikvidat [17]4 years ago
7 0

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

scoray [572]4 years ago
3 0

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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3 years ago
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See the picture for all detail, I have done it by hand.
Few important steps;
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