Question

Pleas help me on this problem you have to do both because it is 2 questions for one problem

Answer 1

Given:

The cost price of the deck of cards is $72.78 dollars.

Mark up percent is 5%.

a) To find the amount of mark up:

So, we can write it as,

`\begin{gathered} 5\text{ \% of 72.78=}(5)/(100)*72.78 \\ =\text{ \$}3.639 \end{gathered}`

Thus, the amount of mark-up is $3.64 (rounded to the nearest hundredth).

b) To find the new price:

The new price = Cost price + Amount of mark up

So, we get,

`\begin{gathered} =72.78+3.64 \\ =76.42 \end{gathered}`

Thus, the new price is $76.42.