Question

A store pays $80 for a tent and marks the price up by 18%. What is the new price?

Answer 1

The new price of the tent would be $94.40

Answer 2

$94.40

Explanation:

First, find the amount of markup by multiplying the original price of the tent by the markup rate:

`\sf \$80 * 18\% = \$80 * 0.18 = \$14.40`

Then add the markup amount to the original price to find the new price:

`\sf \$80 + \$14.40 = \$94.40`

So the new price is $94.40.