The cost of a sweater is $30. If the retailer wants a rate of mark-up on selling price of 50%, what is the selling price?
A) $45
B) $60
C) $75
D) $40
E) $50

Name: The cost of a sweater is $30. If the retailer wants a rate of mark-up on selling price of 50%, what is the selling price? A) $45 B) $60 C) $75 D) $40 E) $50
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To achieve a 50% mark-up on the selling price, the cost must be 50% of the selling price. Let the selling price be x. Then, 0.5x = $30, solving for x gives x = $60.

The Cost of a Sweater Is $30