Question

A new robotic toy was selling for $24 before it become very popular. The store raised the price by 25%. What was the cost of the toy after the markup?

Answer 1

$30

Explanation:

So we know that the toy cost 24 dollars. We also know that the cost is increased by 25%.

What is 25% of 100%? Thats 1/4. So, what is 1/4 of 24? That will be 6.

Since we are increasing the cost by 25%, we are increasing 24 dollars by 6. 24 plus 6 equals 30.

So the answer:

$30

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