Business FinancesQuestion 1107 of 1632
A contractor buys materials for $2,000 and applies a 35% markup. What is the marked-up material price?
a.$2,700
b.$2,070
c.$2,350
d.$3,077
Explanation
$2,000 x 35% = $700 markup. Price = $2,000 + $700 = $2,700. Markup is added to cost.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)