Determine the new cost of the item after the markup. Original Cost: $100.00 Markup: 20% New Cost: ?

asked Dec 5, 2021 27.1k views

4 votes

Determine the new cost of the item after the markup.

Original Cost: $100.00
Markup: 20%
New Cost: ?

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3 votes

$120

Explanation:

100 x 1.2 = 120. OR 100/10 = 10 = 10%. 10 x 2 = 20 & 100+20=120

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