Question

Paula is selling a necklace that she made. She spent $15 to make the necklace and

she wants a markup of 45%. What will be the new selling price?

Answer 1

the new selling price would be 15 + 6.75 = $<<15+6.75=21.75>>21.75.

Explanation:

To calculate the markup on the necklace, you need to first calculate the amount of the markup by multiplying the cost of the necklace by the markup percentage. In this case, the markup would be 15 * 0.45 = $<<15*0.45=6.75>>6.75.

To determine the new selling price of the necklace, you would then add the markup to the cost of the necklace. So the new selling price would be 15 + 6.75 = $<<15+6.75=21.75>>21.75.