Question

The last tutor gave me the wrong answer can you pleas pleas help

Answer 1

Given that:

- The store pays $54 for the jar of fossils.

- It marks up the price by 5%.

Let be "x" the new price (in dollars).

In order to write the percent as a Decimal Number, you need to divide it by 100. Then:

`(5)/(100)=0.05`

Therefore, 5% of $54 is:

`(\text{ \$}$54$)(0.05)=\text{ \$}$2.7$0`

Then, the new price is:

`\begin{gathered} x=\text{ \$}$54$+\text{ \$}2.70 \\ x=\text{\$}$56.7$0 \end{gathered}`

Hence, the answer is:

`\text{\$}$56.7$0`