Adam's art gallery bought a photograph for $250 wholesale and marked it up 40%. What is the amount of the mark-up?
A$100
B$90
C$110
D$40
Answer & Solution
Correct answer: A. $100
1. Change 40% to a decimal: 0.40.
2. Multiply the decimal by the wholesale price: 0.40 x 250.
3. This gives 100.
4. So the amount of mark-up is $100.
_Source: OpenStax Prealgebra (CC BY 4.0), Ch 6 "Percents", section 6.3 Solve Sales Tax, Commission, and Discount Applications_
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