Business FinancesQuestion 1177 of 1605
A contractor marks up a $4,000 material cost by 45%. What is the selling price of the materials?
a.$5,800
b.$4,450
c.$7,273
d.$5,000
Explanation
$4,000 x 45% = $1,800 markup. Selling price = $4,000 + $1,800 = $5,800.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)