Question

A store owner bought belts at $108 per dozen. If the markup is 45%,what price should be marked on each belt?A. $9.50B. $12.10C. $13.05

Answer 1

The store owner bought:

12 belts at $108

First step is to calculate the base price for each belt, to do so divide what he paid by the number of belts:

$\frac{108}{12}=9$

To this price he adds up the 45%, so the next step is to calculate the 45% of $9:

$\frac{9\cdot45}{100}=4.05$

Finally add $4.05 to $9 to get the final price per belt:

$9+4.05=13.05$

Each belt will be marked $13.05, the correct answer is C.