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A store pays $43.02\$43.02 for a rocking chair. The store marks up the price by 50%50\%. What is the amount of the mark-up? \newline$\$_____

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Q. A store pays $43.02\$43.02 for a rocking chair. The store marks up the price by 50%50\%. What is the amount of the mark-up? \newline$\$_____
  1. Question Prompt: Question_prompt: What is the amount of the mark-up for the rocking chair?
  2. Calculate Mark-up: First, we need to find out how much 50%50\% of the original cost is, cause that's the mark-up.\newlineMark-up =Original cost×Mark-up percentage= \text{Original cost} \times \text{Mark-up percentage}\newline=($43.02)×50100= (\$43.02) \times \frac{50}{100}\newline=($43.02)×0.5= (\$43.02) \times 0.5
  3. Final Calculation: Now, let's do the math.\newlineMark-up = $43.02×0.5\$43.02 \times 0.5\newline= $21.51\$21.51

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