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Astorepays$751forasurfboardandmarksthepriceupby42%.Whatistheamountofthemark-up?

Question

Astorepays$751forasurfboardandmarksthepriceupby42%.Whatistheamountofthemark-up?

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Solution

To find the amount of the mark-up, you need to calculate 42% of the cost price which is $751.

Step 1: Convert the percentage to a decimal by dividing by 100. So, 42% becomes 0.42.

Step 2: Multiply the cost price by the decimal.

So, 7510.42=751 * 0.42 = 315.42

Therefore, the amount of the mark-up is $315.42.

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