Question

A local card store marks up the price of all the items they sell by 15%. If the store buys photo albums for $7.00 each, at what price will they sell them?

Answer 1

$8.05

Explanation:

This answer is found by making an equation that represents this word problem which uses the formula %(decimal form)(original price).

Using this formula, the equation representing this word problem is 0.15(7).

When evaluated, gives us $1.05 (the mark up).

Then, this must be added to the original price using the formula (original price+mark up);

1.05+7.00

Answer= $8.05