Question

A bike store sells scooters st a 54% markup. If the store bought each scooter for 29.25, what is the resale price to the nearest dollar?

Answer 1

The price of the bike on resale is $40.15

Explanation:

In order to find the total cost, you need to first find the mark up amount. That mark up amount is equal to the original price multiplied by the mark up percentage.

$29.25 * 54% = $15.80

Now that we have the mark up amount, we can add it to the original cost.

$29.25 + $15.80 = $40.15