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A store pays for a remote control car and marks the price up by % . What is the amount of the mark-up? _____
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Q. A store pays for a remote control car and marks the price up by % . What is the amount of the mark-up? _____
- Convert to Decimal: What is as a decimal? as decimal is
- Calculate Markup Amount: We have:Cost price of the remote control car: \$\(37\)\(\newline\)Markup percent in decimal: \(0.15\)\(\newline\)How much is the markup amount?\(\newline\)Markup amount = Cost price \(\times\) Markup percent in decimal\(\newline\)= \(37 \times 0.15\)\(\newline\)= \$\(5\).\(55\)
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