Wilson sells a basketball to a wholesaler for $16, and the wholesaler applies a 20 percent markup. A retailer then applies a 33.3 percent markup. The final selling price is:
A) $24.53.
B) $30.00.
C) $25.59.
D) $28.00.
E) Cannot be determined from the information given.

Question

Quizplus · Accepted Answer

The wholesaler's price after a 20% markup is $16 * 1.20 = $19.20. The retailer's price after a 33.3% markup is $19.20 * 1.333 = $25.59. However, there seems to be a mistake in the options, as the correct calculation should lead to $25.59, but the closest option is $30.00.

Wilson Sells a Basketball to a Wholesaler for $16, and the Wholesaler