Question
Solve each application.A store marks up merchandise $25 \%$ to allow for profit. If an item costs the store 11 dollar what will its selling price be?
Step 1
The markup is 25% of the original cost of the item. We can find this by multiplying the original cost by the percentage markup. In mathematical terms, this can be represented as: \[ A = \frac{25}{100} \times 11 \] Show more…
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Prerequisites: Fundamental Concepts of Algebra
Modeling with Equations
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