Super Pet Supplies sets prices at cost plus 70% of cost. The cost of an aquarium start-up kit is $110. What price does Super Pet Supplies charge for the aquarium start-up kit?
A) $195
B) $200
C) $187
D) $77
E) $180

Question

Quizplus · Accepted Answer

To find the price charged by Super Pet Supplies for the aquarium start-up kit, we need to add 70% of the cost ($110) to the cost:
Price = Cost + 70% of Cost
Price = $110 + 0.7($110)
Price = $110 + $77
Price = $187
Therefore, the price charged by Super Pet Supplies for the aquarium start-up kit is $187. Choice C is the correct answer.

Super Pet Supplies Sets Prices at Cost Plus 70% of Cost