Question

A store pays $31 for a globe. The store marks up the price by 20%. What is the price of the globe after the mark up?

Answer 1

To calculate the price of the globe after the 20% mark-up, we need to add 20% of the original price to the original price.

20% of $31 is (20/100) * $31 = $6.20.

Adding the mark-up to the original price:

$31 + $6.20 = $37.20.

Therefore, the price of the globe after the mark-up is $37.20.