Astorepays$751forasurfboardandmarksthepriceupby42%.Whatistheamountofthemark-up?
Question
Astorepays$751forasurfboardandmarksthepriceupby42%.Whatistheamountofthemark-up?
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, 315.42
Therefore, the amount of the mark-up is $315.42.
Similar Questions
Astorepays$88foraceramicvase.Thestoremarksupthepriceby50%.Whatistheamountofthemark-up?
Whatisthecashflowofa8-yearbondthatpayscouponinterestsemiannually,hasacouponrateof6%,andhasaparvalueof$100,000?
Bethbuysatelevisionpricedat$841.10.Shippingandhandlingareanadditional10%oftheprice.HowmuchshippingandhandlingwillBethpay?
Stefanhas$29,488inasavingsaccountthatearns13%interestperyear.Theinterestisnotcompounded.Tothenearestcent,howmuchinterestwillheearnin6months?
Gretahas$65,700inasavingsaccount.Theinterestrateis13%peryearandisnotcompounded.Howmuchwillshehaveintotalin8months
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.