A store pays $81 for a hockey stick and marks the price up by 5%. What is the amount of the mark-up?

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asked Jul 11, 2021 35.4k views

1 Answer

Lee Taylor · Answer 1 · 2021-07-17T20:18:06+0000

.05 is equal to 5%
So for every dollar the mark up is .05cents
So if you times $81 by .05 this will give you the mark up because each of the 81$ needs .05 added to it.

So $4.05 Is the mark up

And

The cost would be markup and original added together

A store pays $81 for a hockey stick and marks the price up by 5%. What is the amount of the mark-up?

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