Final answer:
To calculate the markup amount when a store pays $837 for a computer and marks up the price by 38%, you multiply the cost price by the markup percentage, resulting in a markup of $318.06.
Step-by-step explanation:
The student asked a question about calculating the markup amount on a product. In this case, a store pays $837 for a computer and marks up the price by 38 percent. To find the amount of the markup, we apply the percentage increase to the cost price. The calculation can be done as follows:
- Convert the percentage to a decimal by dividing by 100: 38% = 0.38.
- Multiply the store's cost price by this decimal: $837 × 0.38.
- Calculate the result to find the markup amount.
The result of the calculation is $837 × 0.38 = $318.06.
Therefore, the markup amount is $318.06.