To find the approximate markup rate on the dishwasher, we first need to determine how much Natalia paid in total and then calculate the markup based on the sticker price.
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Calculate total amount paid:
- Natalia pays $15 per week for 2 years.
- There are 52 weeks in a year, so: \[ \text{Total weeks} = 2 \text{ years} \times 52 \text{ weeks/year} = 104 \text{ weeks} \]
- Therefore, the total amount paid is: \[ \text{Total amount paid} = 15 \text{ dollars/week} \times 104 \text{ weeks} = 1560 \text{ dollars} \]
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Calculate the markup:
- The markup is the amount paid minus the sticker price. \[ \text{Markup} = \text{Total amount paid} - \text{Sticker price} = 1560 - 1100 = 460 \text{ dollars} \]
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Calculate the markup rate:
- The markup rate is calculated as the markup divided by the sticker price: \[ \text{Markup rate} = \left( \frac{\text{Markup}}{\text{Sticker price}} \right) \times 100 \] \[ \text{Markup rate} = \left( \frac{460}{1100} \right) \times 100 \approx 41.82% \]
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Choose the closest answer: The approximate markup rate is 41.8%. Therefore, the correct answer is:
C. 41.8%