A store is pricing four lamps of different styles. Each one will be marked up differently. The cost of each lamp to the store and the desired markups are: Lamp 1 ($60) will be marked up 15% Lamp 2 ($80) will be marked up 20% Lamp 3 ($110) will be marked up 25% Lamp 4 ($150) will be marked up 30% The total price for all four lamps once they are marked up is which of the following?
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✓ Correct answer: A. $497.50The total sales price of the four lamps will be $497.50.<br/><br/>Lamp 1 ($60) will be marked up 15% ($9) = sales price of $69<br/><br/>Lamp 2 ($80) will be marked up 20% ($16) = sales price of $96<br/><br/>Lamp 3 ($110) will be marked up 25% ($27.50) = sales price of $137.50<br/><br/>Lamp 4 ($150) will be marked up 30% ($45) = sales price of $195<br/><br/>Total sales price is $69 + $96 + $137.50 + $195 = $497.50.
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