Question

Jamel is selling a gold watch that he bought 5 years ago. He paid $375 when he got the watch, however he is going to sell it for 25% more than what he original bought it for. What is the total cost he is selling it for.

Answer 1

Explanation:

Buying price = 375

Mark up = 25%

Mark up value = (25/100) * 375 = 93.75

Selling Price = buying price + markup value

Selling Price = 375 + 93.75

Selling Prince = 468.75

A quicker way (perhaps) is

Selling price = buying price (1 + 0.25)

Selling prince = 375*1.25 = 468.75