Question

A bike store sells scooters at a 54% markup. If the store bought each scooter for $29.25, what is the resale price to the nearest dollar? Show your work

Answer 1

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Answer:

$45

Explanation:

The relation is ...

resale price = cost + markup

= cost + 0.54×cost

= 1.54×cost

Then the resale price is ...

resale price = 1.54×29.25 = 45.045 ≈ 45.00

The resale price is $45.00.