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A store pays $80\$80 for a silver necklace and marks the price up by 1010% . What is the amount of the mark-up? \newline$\$_____

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Percents - calculate tax, tip, mark-up, and moreright chevron icon

Full solution

Q. A store pays $80\$80 for a silver necklace and marks the price up by 1010% . What is the amount of the mark-up? \newline$\$_____
  1. Calculate mark-up percentage: Calculate the mark-up percentage of the original price. \newlineMark-up = Original Price ×\times Mark-up Percentage\newline$(80)×10%=$(8)\$(80) \times 10\% = \$(8)
  2. Verify calculation for errors: Verify the calculation for any errors.$80×0.10=$8\$80 \times 0.10 = \$8; No errors in calculation

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