Question

Target is selling a particular toaster oven that costs $27 and is marked up 45% based on cost. Find the markup amount and the selling price.

Answer 1

Explanation:

markup amount = 45% of $27

=> 45/100 * $27

=> $12.15

Now,

selling price = $27 + $12.15 => $39.15

Answer 2

markup = 12.15

new price = 39.15

Explanation:

First we can find the markup

markup = original price * percent marked up

= 27 * 45%

= 27 * .45

= 12.15

The new price is equal to the original price plus the markup

new price = 27+12.15

=39.15