Solved

Solve the Problem

Question 29

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
-Bob's Tires manufactures steel-belted radials at a cost of $53.66 each. Bob then sells the tires at a 44.8% markup based on cost. Find (a) the markup, (b) the selling price, and (c) the markup as a percent of selling price


A) (a) $24.04
(b) $77.70
(c) 30.9%
B) (a) $24.04
(b) $77.70
(c) 44.8%
C) (a) $119.78
(b) $173.44
(c) 223.2%
D) (a) $119.78
(b) $173.44
(c) 69.1%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions