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Answered

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The Cooper’s daughter, Ashley, was working a water stand during the building of the new game room. Ashley’s mother told her to buy bottled water for $0.75 each and mark them up 40% to sell at her stand. What is the amount of the markup? How much does Ashley charge for each bottled water?

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ILikeAntsidn

Answer:

What is the amount of the Markup?

$0.3

How much does Ashley charge for each bottled water?

$1.05

Step-by-step explanation:

$0.75 is 100% of the cost.

40% is the percentage of the markup

Step 1: Add the 2 Percentages

100% + 40% = 140%

Step 2: Find 140% of $0.75, convert the percent to decimal for easier multiplication

140% x 0.75 = 1.4 x 0.75 = 1.05

= $1.05

What is the amount of the Markup?

1.05 - 0.75 = 0.3

= $0.3

How much does Ashley charge for each bottled water?

$1.05

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