Question

The price of an item at the store can be defined by the variable x.

Answer 1

Answer:

A) 1.03x ; B) 1.08x ; C) 1.24x

Step-by-step explanation:

Given that :

Price of item = x

The Markup is obtained as :

Initial price + profit

As a percentage :

100% of x + percentage added

x + percentage added

No matter the percentage added to x above, the marked up price will be a certain percentage above 100% of x ; that is > 1x

Hence, the Marked up price will always be greater than 1 ;

From the option given, the possible mark up price will be :

A) 1.03x ; B) 1.08x ; C) 1.24x as they are greater than. 100% of x