Question

A furniture store marks up the price of a desk lamp by 80% from $35. What is the new retail price?

Answer 1

Explanation:

To add 80 percent to 35 just divide the percentage (80) by 100, add 1 to this value, then multiply it by the initial value (35), so:

Final Value = 35 × (1 + 80/100)

Final Value = 35 × (1 + 0.8)

Final Value = 35 × (1.8)

Final Value = 63

Answer 2

To calculate the new retail price of the desk lamp after a markup of 80%, we need to add 80% of the original price to the original price itself.

The original price of the desk lamp is $35. To find 80% of $35, we multiply $35 by 0.8:

80% * $35 = $28

Now, we add this amount to the original price:

$35 + $28 = $63

Therefore, the new retail price of the desk lamp after an 80% markup is $63.

Explanation: