Question

A store pays $591 for a grandfather clock. The store marks up the price by 15%. What is the new price?

Answer 1

If $591 was first priced

Then 15% less price is

= 591x15/100 =$ 88.65 dollars

Now substract this, from first price

= $591 - $88.65

= $502.35

Answer is New price is $502.35