Question

A business bought 500 lamps for $10,000. They want to mark them up 25%. What is the retail price of each lamp?

Answer 1

$25 a lamp

Explanation:

First divide $10,000 by 500 lamps to find how much one of them cost

That is $20 a lamp so then multiply .25 *20 or 1/4 *20

you get 5 than add 20 +5=25