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3 July, 17:03

A store pays $32 for a vase they mark it up by 16% what is the selling price

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  1. 3 July, 17:08
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    16% of 32 is 2 becasue 2 times 16=32 so just add 32+2=34 my answer might be wrong but dont report because i used time and tryed my mediumest not best
  2. 3 July, 18:14
    0
    A mark-up would case for the price to increase.

    If the store pays $32 and they mark it up by 16%, it is basically saying that they took the original price and increased it by 16% of $32.

    There are two ways to do this--one of them is simpler (in my opinion) than the other. I will show you the simpler way ...

    Normally in the longer way we would take 16% of $32 and then take that product and add it to $32. But since we know that it is a mark-up (the price will increase) we can just multiply $32 by 1.16 (notice I added one whole value to this).

    $32 x 1.16 = $37.12

    (Also, if you want to check, then you can take the longer method and see if that answer matches up to $37.12.)
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