Question

A horse that is ill needs medication. The medication costs the veterinarian $17.50 to buy. He marked up the medication 54.2% before selling it to the customer. Find the final selling price of the horse’s medication.

Answer 1

$26.99

Explanation:

17.50 original cost plus a 54.2% increase

First, divide percentage by 100 to get a decimal to divide by 54.2/100=0.542

Then multiply the new decimal by the original cost to find the amount marked up. 17.50 x 0.542= 9.485

Now add 9.485 to the original cost

17.50+9.485=26.985-> 26.99 rounded for the final answer