Question

Mr. Seidel buys boxes of pencils for $2 then uses a mark up of 175%. What is the markup? What is the new price?

Answer 1

Answer:

The markup is $3.5, and the new price is $5.5.

Step-by-step explanation:

175% is decimal form is 1.75. Multiply 2 by 1.75 to get the markup price. (3.5) Then add 2 to 3.5, because you have to add the markup to the original price to get the new price. Hope this helps!