Question

A store pays $54 for a briefcase and marks the price up by 20%. What is the new price?

Answer 1

64.80

Explanation:

The new price will equal the original price plus the markup.

The markup equal the original price * the markup percentage

markup = 54*.2

markup = 10.8

New price = original + markup

New price = 54+10.8

New price = 64.80