400,169 views
37 votes
37 votes
The price of a baseball card began at $5.00. A collector marked the price up 500% and is reselling the card online. What is the new sales price of the baseball card?

User Avalanche
by
2.9k points

2 Answers

13 votes
13 votes

Final answer:

To find the new sales price of the baseball card, calculate the markup amount by multiplying the original price by the markup percentage. Then add the markup amount to the original price.

Step-by-step explanation:

To find the new sales price of the baseball card, we need to calculate the markup amount and add it to the original price. The markup amount can be found by multiplying the original price by the markup percentage. In this case, the markup percentage is 500%, or 5 times the original price. So, the markup amount is $5.00 * 5 = $<<5*5=25>>25.00. Adding the markup amount to the original price, the new sales price is $5.00 + $25.00 = $<<5+25=30>>30.00.

User BeccaP
by
3.2k points
19 votes
19 votes

Answer:

25.00

Step-by-step explanation:

5.00 x 500% = 25

User Casey
by
3.5k points