Question

Please help!

Jackie purchases 100 bracelets from a wholesaler at $10 each and the cost totals $1,000. If
Jackie does a markup of 40%, what will the markup amount be? What will the price of each
bracelet be?

Answer 1

Using proportions, it is found that:

• The markup amount is of $400.

• The price of each bracelet is of $14.

What is a proportion?

A proportion is a fraction of a total amount.

In this problem, the markup is of 40% over an amount of $1000, hence:

0.4 x $1000 = $400.

Considering the markup, 100 bracelets will be sold for $1,400, hence, the price of each bracelet will be given by:

$1,400/100 = $14.

More can be learned about proportions at https://brainly.com/question/24372153