Question

Nate and Isaac have gotten quite a few jobs using their discounted price. In fact, with the holiday season approaching, they feel they can raise their price above the original price of $649 for 4 hours. . Using the original amount and the markup you just found, determine their new price for 4 hours of work.

Answer 1

Question:

Nate and Isaac have gotten quite a few jobs using their discounted price. In fact, with the holiday season approaching, they feel they can raise their price above the original price of $649 for 4 hours. They decide to mark up the price of $649 by 10% Using the original amount and the markup you just found, determine their new price for 4 hours of work

Answer:

The new price for 4 hours of work is $ 713.9

Solution:

From given,

Original price = $ 649

They decide to mark up the price of $649 by 10%

Mark up rate = 10 %

To find: New price

Let us first find the markup price

Markup price is 10 % of original price

Therefore,

Markup price = 10 % of 649

`Markup\ price = 10 \% * 649\\\\Markup\ price = (10)/(100) * 649\\\\Markup\ price = 0.1 * 649\\\\Markup\ price = 64.9`

Thus markup price is $ 64.9

Determine their new price for 4 hours of work

New price = original price + markup price

New price = 649 + 64.9 = 713.9

Thus the new price for 4 hours of work is $ 713.9