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A retailer bought a watch for $80 and marked it up by 25%. What is the marked pr

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Question: A retailer bought a watch for $80 and marked it up by 25%. What is the marked price?

Options:

  1. $90
  2. $100
  3. $110
  4. $120

Correct Answer: $110

Solution: 

Marked Price = Cost Price + Markup = 80 + (25% of 80) = 80 + 20 = $100.

A retailer bought a watch for $80 and marked it up by 25%. What is the marked pr

Practice Questions

Q1
A retailer bought a watch for $80 and marked it up by 25%. What is the marked price?
  1. $90
  2. $100
  3. $110
  4. $120

Questions & Step-by-Step Solutions

A retailer bought a watch for $80 and marked it up by 25%. What is the marked price?
  • Markup Calculation – Understanding how to calculate the selling price based on the cost price and the percentage markup.
  • Percentage Application – Applying percentage calculations correctly to determine the amount of markup.
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