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The clownfish kay wanted to buy for $12 last week has been marked up 8%. What is the new price of the fish?
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The clownfish kay wanted to buy for $12 last week has been marked up 8%. What is the new price of the fish?

User Tobu
by
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2 Answers

4 votes
The answer is $12.96
User Ujjal Suttra Dhar
by
7.7k points
6 votes
The markup is 8%, meaning it costs 8% more.
The starting price is 100%.
Therefore, the markup is 108% of $12.
If we multiply 12 by 108% (1.08), we will get our answer of $12.96
User Ioannis Barakos
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8.4k points
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