Answer:
B. 73.3%
Step-by-step explanation:
Given,
The sticker price of the recliner = $ 900,
Since, the weekly installment = $ 15,
Also, the number of weeks in a year = 52
So, the total money paid in 2 years = 2 × 52 × 15 = $ 1560.
⇒ He paid $ 1560 for the recliner,
Thus, the total markup in recliner = Paid amount - Sticker price
= 1560 - 900= $ 660
Hence,
[tex]\text{The markup rate of the recliner}=\frac{\text{Total markup}}{\text{ Sticker price}}[/tex]
[tex]=\frac{660}{900}\times 100[/tex]
[tex]=\frac{66000}{900}[/tex]
[tex]=73.333\%\approx 73.3\%[/tex]
Option B is correct.
