Question

A store pays $5 for a candle holder and marks the price up by 30%. What is the new price? Group of answer choices $6.50 $6.00 $1.50 $7.5

Answer 1

the new price of the candle holder is $6.50.

Explanation:

To find the new price of the candle holder, we need to add the markup percentage to the original cost of $5.

Markup = 30% of $5 = 0.3 x $5 = $1.50

New price = Original cost + Markup = $5 + $1.50 = $6.50

Therefore, the new price of the candle holder is $6.50.