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A store pays $89\$89 for a rocking chair. The store marks up the price by 30%30\%. What is the new price? \newline$\$_____

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Q. A store pays $89\$89 for a rocking chair. The store marks up the price by 30%30\%. What is the new price? \newline$\$_____
  1. Calculate Markup Amount: Step 11: Calculate the markup amount.\newlineMarkup percentage = 30%30\%\newlinePurchase price = $89\$89\newlineMarkup amount = Purchase price ×\times Markup percentage\newlineCalculation: $89×0.30=$26.70\$89 \times 0.30 = \$26.70
  2. Add Markup to Purchase Price: Step 22: Add the markup amount to the original purchase price to find the new price.\newlineOriginal price = $89\$89\newlineMarkup amount = $26.70\$26.70\newlineNew price = Original price + Markup amount\newlineCalculation: $89+$26.70=$115.70\$89 + \$26.70 = \$115.70

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