Question

Taxes, lips, & Markups 2. An 18% markup is added to a dresser that was originally $250. How much will the dresser be sold for now?

Answer 1

$\begin{gathered} 18\text{ percent of the dresser is derived as } \\ \frac{18}{100}=0.18 \\ \text{Original price=250} \\ \text{If 18\% is added to 250, then it means;} \\ \text{New price=250+(0.18 x 250)} \\ \text{New price=250+45} \\ \text{New price=295} \end{gathered}$

Therefore, the dresser will now be sold for $295