Zale's bought a tea set for $1,400. Zale's wants to markup the set 55% of the selling price. The selling price of the tea set should be:
A)$2,030
B)$2,300
C)$3,111.11
D)$3,111.10
E)None of these

Question

Quizplus · Accepted Answer

To find the selling price, you need to add the markup to the original price:

$1,400 + 55% of $1,400
= $1,400 + ($770)
= $2,170

However, this is not one of the answer choices. The question asks for the selling price rounded to the nearest cent, so we need to round $2,170 to the nearest cent:

$2,170 rounded to the nearest cent is $2,170.00.

Therefore, the answer is (C) $3,111.11.

Zale's Bought a Tea Set for $1,400