Question

A store buys a bike for $140. They mark up the bike 25%. What is the selling price?

Answer 1

$175

Explanation:

Original Price = $140

Mark up (% increase) = 25%

Selling Price = Original Price (1 + Mark up)

• SP = 140 (1 + 25%)
• SP = 140 (1 + 0.25)
• SP = 140 (1.25)
• SP = $175