Question
Amazon purchases an office chair for $63
, and marks it up 28
%.
Which equation can be used to find the selling price of the office chair?
X=0.28
X=1.28
X=1.028
X=0.028
, and marks it up 28
%.
Which equation can be used to find the selling price of the office chair?
X=0.28
X=1.28
X=1.028
X=0.028
Answers
GPT-4o mini
To find the selling price of the office chair after marking it up by 28%, we need to use the original cost and include the markup.
Let the cost of the chair be \( C = 63 \) dollars. The markup as a percentage of the cost is 28%. The selling price \( S \) can be calculated using the following equation:
\[
S = C + (0.28 \times C)
\]
This can also be expressed as:
\[
S = C \times (1 + 0.28) = C \times 1.28
\]
Thus, the correct equation to find the selling price of the office chair is:
\[
S = 63 \times 1.28
\]
From the options given, the relevant multiplier for the markup which you would use in the calculation is:
**X = 1.28**
Let the cost of the chair be \( C = 63 \) dollars. The markup as a percentage of the cost is 28%. The selling price \( S \) can be calculated using the following equation:
\[
S = C + (0.28 \times C)
\]
This can also be expressed as:
\[
S = C \times (1 + 0.28) = C \times 1.28
\]
Thus, the correct equation to find the selling price of the office chair is:
\[
S = 63 \times 1.28
\]
From the options given, the relevant multiplier for the markup which you would use in the calculation is:
**X = 1.28**