Chapter 3: Q. 149 (page 335)

In the following exercises, find ⓐ the amount of the mark-up and ⓑ the list price.
Daria bought a bracelet at original cost $ $16$ to sell in her handicraft store. She marked the price up $45$ %.

Short Answer

Expert verified

Part a. The amount of the mark-up is $$ 7.2$ .

Part b. The list price is $$ 23.2$ .

Step by step solution

Part (a) Step 1. Given Information

The original cost of the bracelet is $ $16$ and she marked the price up $45 %$ .

The objective is to find the amount of the mark-up and the list price.

Part (a) Step 2. Find the amount of the mark-up

The mark-up price is $45 %$ of the original price that is $$ 16$ .

So the mark-up price is given as

$\begin{array}{rcl} 45 % o f 16 & = & 0.45 \times 16 \\ = & 7.2 \end{array}$

Thus the mak-up price is $$ 7.2$ .

Part (b) Step 1. Find the list price

List price is equal to original cost plus the mark-up price.

So when the original cost is $$ 16$ and mark-up price is $$ 7.2$ then the list price is

$16 + 7.2 = 23.2$

So the list price is $$ 23.2$ .

Unlock Step-by-Step Solutions & Ace Your Exams!

Full Textbook Solutions
Get detailed explanations and key concepts
Unlimited Al creation
Al flashcards, explanations, exams and more...
Ads-free access
To over 500 millions flashcards
Money-back guarantee
We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

In the following exercises, find ⓐ the amount of the mark-up and ⓑ the list price.
Daria bought a bracelet at original cost $ $16$ to sell in her handicraft store. She marked the price up $45$ %.

Short Answer

Step by step solution

Part (a) Step 1. Given Information

Part (a) Step 2. Find the amount of the mark-up

Part (b) Step 1. Find the list price

One App. One Place for Learning.

Most popular questions from this chapter

Recommended explanations on Math Textbooks

Mechanics Maths

Geometry

Theoretical and Mathematical Physics

Logic and Functions

Discrete Mathematics

Pure Maths

Study anywhere. Anytime. Across all devices.

In the following exercises, find ⓐ the amount of the mark-up and ⓑ the list price.Daria bought a bracelet at original cost $16 to sell in her handicraft store. She marked the price up 45%.

Short Answer

Step by step solution

Part (a) Step 1. Given Information

Part (a) Step 2. Find the amount of the mark-up

Part (b) Step 1. Find the list price

One App. One Place for Learning.

Most popular questions from this chapter

Recommended explanations on Math Textbooks

Mechanics Maths

Geometry

Theoretical and Mathematical Physics

Logic and Functions

Discrete Mathematics

Pure Maths

Study anywhere. Anytime. Across all devices.

In the following exercises, find ⓐ the amount of the mark-up and ⓑ the list price.
Daria bought a bracelet at original cost $ $16$ to sell in her handicraft store. She marked the price up $45$ %.