Question

The wholesale cost of a guitar is $362.73 and the markup is 10%. What is the approximate retail price ?

Answer 1

The options are $473.00 or $399.00 or $326.00 or $36.00.

Answer 2

If the markup is ten percent, we will sell it for 110% of the cost. Since multiplying with percents might not give us that much entertainment value, convert to decimal, so the problem look like:\[Price=1.10(cost)=1.10(362.73)\]

Answer 3

The options are $473.00 or $399.00 or $326.00 or $36.00.

Answer 4

Without a calculator, I'd say the answer is pretty close to four hundred bucks. Further, the guitar store will never survive with this little profit.

Answer 5

Thank You