Question

A store buys a camera for $80 and decides to markup the price 35%. How much does the camera sell for?

Answer 1

The camera is sold for $ 59.26.

Explanation:

From the statement we understand that the new price of the camera (
`C'`) is calculated by:

`C' = (C_(o))/(\left(1+(r)/(100) \right))` (1)

Where:

`C'` - Price after increase, measured in US dollars.

`r` - Increase rate, expressed in percentage.

If we know that
`C_(o) = 80\,USD` and
`r = 35`, then the new price of the camera is:

`C' = (80\,USD)/(1+(35)/(100) )`

`C' = 59.26\,USD`

The camera is sold for $ 59.26.