High School

The cost of a car battery is $35 wholesale for the automotive store to buy. They need to mark up the cost by 40% for the retail price.

1. How much is the markup amount?
2. How much is the retail price?

Answer :

Answer:

The markup amount is $14 and the retail price is $49.

Step-by-step explanation:

You can use the following formula to find the retail price with the information provided:

Retail price=Cost*(100%+markup %)

Cost=35

Markup %= 40%

Now, you can replace the values in the formula:

Retail price=35*(140%)

Retail price=49

Now, you can subtract the cost from the retail price to find the markup amount:

49-35=14

According to this, the answer is that the markup amount is $14 and the retail price is $49.

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