SOLUTION: the wholesale price of a chair is $254.00 and the retail is $299.00 what percent of the retail price is the markup? A. 17.7% B. 85% C. 6.6% D. none of the above

Algebra ->  Rate-of-work-word-problems -> SOLUTION: the wholesale price of a chair is $254.00 and the retail is $299.00 what percent of the retail price is the markup? A. 17.7% B. 85% C. 6.6% D. none of the above      Log On


   

Question 1071294: the wholesale price of a chair is $254.00 and the retail is $299.00 what percent of the retail price is the markup?
A. 17.7%
B. 85%
C. 6.6%
D. none of the above
Found 4 solutions by Boreal, KMST, josgarithmetic, MathTherapy:
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
The markup is increase/original amount of 45/254=17.7%
A.

Answer by KMST(5328) About Me  (Show Source):
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The markup is $299-$254=$45.
As a percentage of $299 (the retail price),
that is
45%2F299=0.1505=15.05%2F100=%2215.05%25%22 ,
so none of the above is the right answer.

Answer by josgarithmetic(39630) About Me  (Show Source):
Answer by MathTherapy(10557) About Me  (Show Source):
You can put this solution on YOUR website!
the wholesale price of a chair is $254.00 and the retail is $299.00 what percent of the retail price is the markup?
A. 17.7%
B. 85%
C. 6.6%
D. none of the above
Correct answer: 

Ignore all answers that're different!