Final answer:
To calculate the new price after a 25% markup on a $6.25 item, multiply the price by 0.25 to find the markup amount of $1.56, then add it to the original price to get the final price of $7.81.
Step-by-step explanation:
To find the new price after a markup of 25% on an item that costs $6.25, you first have to calculate the amount of the markup by converting the percentage to a decimal. To find the new price after a 25% markup, we need to multiply the original price by 1 plus the markup percentage.This is done by dividing the percentage by 100 or simply moving the decimal point two places to the left. Therefore, 25% becomes 0.25. Next, you multiply the original price of the item ($6.25) by the decimal form of the percentage (0.25) to get the markup amount:
$6.25 × 0.25 = $1.5625
Round this markup amount to the nearest cent to get $1.56. Finally, add this amount to the original price to find the new price:
$6.25 + $1.56 = $7.81
So after a 25% markup, the new price for the item would be $7.81.