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20 July, 16:32

Compute the requested value. Choose the correct answer.

If the cost is $138.25 and the desired markup is 12.5%, then what is the price after markup?

It is $.

155.53

153.39

151.77

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Answers (1)
  1. 20 July, 18:38
    0
    The answer is 155.53

    The cost is $138.25. This is 100%.

    The desired markup is 12.5%. Let x be the price after t he desired markup. x is 112.5% (100% + 12.5% = 112.5%).

    Again:

    $138.25 is 100%

    x is 112.5%

    Make the proportion:

    $138.25 : 100% = x : 112.5%

    x = $138.25 * 112.5% : 100%

    x = $155.53
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