alleryStart learning →The mark-up is usually calculated as a percent of the:
AAnnual interest
BWholesale price
CList price sold
DDiscounted price
Answer & Solution
Correct answer: B. Wholesale price
1. Mark-up needs a base to be a percentage of.
2. The retailer adds a mark-up to the wholesale price.
3. The mark-up is usually calculated as a percent of the wholesale price.
4. Adding it gives the list price.
_Source: OpenStax Prealgebra 2e (CC BY 4.0), Ch 6 'Percents', sections 6.1-6.5_
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