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21 votes
A shirt purchased for $20. The store owner will sell it for a 40% mark up. What will the new price be?

User Leewz
by
3.7k points

2 Answers

11 votes

Answer:

$28

Explanation:

So we know the shirt is $20, and the owner is raising the price by 40%. That means we are adding $20 to 40% of the cost of the shirt

$20 + 40%

So we have to figure out how much 40% of $20 is. To do that, you can use fraction or decimal type

40% is the same thing as 40/100 or 0.4. So you will multiply either of them by $20 to find how much 40% of $20 is.

40/100 * 20 = 8

0.4 * 20 = 8

Now we know that 40% of $20 is $8. So now we will add 8$ to $20

20 + 8 = 28

The new price will be $28

User Foxocube
by
4.0k points
7 votes
40%=0.4

0.4(20)
8(markup)

Shirt price=$20+ $8


New price=$28
User COYG
by
4.1k points