Question

Johnny Mac's Sporting Goods bought a baseball glove from Rawlings Sporting Goods for $66.00. They want to mark up the glove 70% on selling price. What should Johnny's sell the glove for?
A. $179.82 B. $113.22 C. $246.42 D. $220.20

Answer 1

>>>mark-up price + original price
>>66(70%) + original price
= >46.2 +66.0
= >112.2

Answer 2

Am I doing this wrong?

Answer 3

66 + 0.70(66) = 112.20
you got what I got...hmm...not an answer choice

Answer 4

I hate questions like this -_-

Answer 5

@Directrix ....what am I missing here

Answer 6

idk
lol I just wanted to know if I am missing something too

Answer 7

is this a percent increase problem ?

Answer 8

66.00 + 70% (66) for a 70% increase although that was not specified.

Answer 9

Business and Finance

Answer 10

Markup is the difference between the cost of a good or service and its selling price. A markup is added onto the total cost incurred by the producer of a good or service in order to create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product.

Answer 11

That sounds like this to me: 66.00 + 70% (66)

Answer 12

$ 112. 20

Answer 13

so the answer choices are wrong then ? 0.o

Answer 14

that could make it B. 113.22 or D. 222.20

Answer 15

Thank you guys, both of you

Answer 16

(113.22 - 66) / 66 = 47.22/66 = 0.715 = 71.5%......not 70%....I do not know...I could be looking at this problem the wrong way

Answer 17

Consider this work by@mstoldegon
http://webcache.googleusercontent.com/search?q=cache:-IDdvavrQA4J:openstudy.com/updates/544f00dde4b07aaa63453060+&cd=2&hl=en&ct=clnk&gl=us

Answer 18

thats it directrix...

Answer 19

220.20

Answer 20

I would go with 220.20

Answer 21

although I am not sure where the extra 20 cents comes in

Answer 22

Thank You ^.^