A computer store pays 6 dollars for a computer mouse. The percent of markup is 75%. Find the mouse’s selling price.
Question
A computer store pays 6 dollars for a computer mouse. The percent of markup is 75%. Find the mouse’s selling price.
Solution
Sure, here are the steps to find the mouse's selling price:
Step 1: First, we need to find the markup amount. The markup is 75% of the cost price. So, we calculate 75% of 6 dollars.
Step 2: To find 75% of 6 dollars, we multiply 6 by 75/100 (since percent means per hundred).
6 * 75/100 = 4.5 dollars
So, the markup amount is 4.5 dollars.
Step 3: Finally, we add the markup amount to the cost price to find the selling price.
6 dollars (cost price) + 4.5 dollars (markup) = 10.5 dollars
So, the selling price of the mouse is 10.5 dollars.
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