Tick Tock,a small retailer of a quality alarm clock,sells its product based on a 35% markup of cost.If the firm's product costs are approximately $133,what is the selling price?
A)$138.
B)$198.
C)$180.
D)$289.

Question

Quizplus · Accepted Answer

To find the selling price, we need to first calculate the markup on the cost:
Markup = 35% of $133 = 0.35 x $133 = $46.55
Now, we can calculate the selling price by adding the cost and the markup:
Selling price = Cost + Markup = $133 + $46.55 = $179.55
Rounding up to the nearest cent, the selling price is $180. Therefore, the best choice is C.

Tick Tock,a Small Retailer of a Quality Alarm Clock,sells Its