Final answer:
To calculate the 75% markup price, you need to multiply the original cost of the haircut by 0.75 and then add that amount to the original cost.
Step-by-step explanation:
A 75% markup on the cost of a haircut can be calculated by multiplying the cost of the haircut by 0.75 and then adding that amount to the original cost. In this case, the cost of the haircut is $21.95.
So, to calculate the 75% markup price, we can use the following formula:
75% Markup Price = Original Cost + (Original Cost * 0.75)
Using the formula, the 75% markup price of a haircut that costs $21.95 would be:
75% Markup Price = $21.95 + ($21.95 * 0.75)
75% Markup Price = $21.95 + $16.46
75% Markup Price = $38.41