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A store pays $365.84 for a fountain. The store marks up the price by 10%.

What is the amount of the mark-up?
Round your answer to the nearest cent: $

User Yoni Doe
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1 Answer

6 votes

Answer:

The store marks up the fountain by adding $ 36.58 to its original cost, bringing its retail price to $ 402.42.

Explanation:

Given that a store pays $ 365.84 for a fountain, and then the store marks up the price by 10%, to determine the amount of the mark-up the following calculation must be performed:

365.84 x 10/100 = X

3,658.4 / 100 = X

36,584 = X

36.584 + 365.84 = 402.424

Thus, the store marks up the fountain by adding $ 36.58 to its original cost, bringing its retail price to $ 402.42.

User SWilko
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