Question

A store pays $22 for a surfboard. The store marks up the price by 37%. What is the amount of the mark-up?

Answer 1

$8.14

Explanation:

Given data

Cost of surfboard= $22

Mark up = 37%

Required

The amount of the markup

let us find 37% of $22

=37/100*22

= 0.37*22

= $8.14

Hence the amount of the markup is $8.14