Tom's Sporting Goods pays $37 each for a certain brand of basketball. Tom marks up the price by 45%. To the nearest cent, what is the retail price in dollars of each basketball?

Answer: 53.65

Step-by-step explanation

First you need to write out the equation

37 x. 45 = 16.65

Then you take 16.65 which is the percent mark up and add it to the original price of $37 and you get your answer of 53.65