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elena-14-01-66 [18.8K]
2 years ago
7

If you receive a 25% MARKUP on an item costing $60.00, how much money do you pay in total?

Mathematics
1 answer:
Alenkinab [10]2 years ago
4 0

Answer:

Money Paid in Total  = $45

Step-by-step explanation:

Firstly, the term Mark-up refers to the amount added to the cost price to cover the overheads and realize a profit.

A mark-up percentage is a percentage (%) that is used as a basis to determine the mark-up value.

Given

Cost of an Item = 60$

Markup % = 25% on cost

Hence, Mark up in $ = 60$*25%

                                   = 15$

Therefore, Actual cost of an item = Cost of an item - Mark up on Item

                                                        = 60$ - 15$

                                                         = 45$

Read more on Brainly.com -

https://brainly.in/question/47347085

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The figure is a trapezoid, albeit not possessing the same lengths for the left and right sides. If I'm not mistaken, it has another name or term. But I forgot.

Anyway, to solve the problem, let us chop-chop or break the figure into two parts or two polygons that we are familiar with - a rectangle and a triangle. See the attached image for a clearer presentation.

After breaking the original polygon into two parts as portrayed by the red broken line, we are also going to divide the equivalent value of each side.

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Solving Time! :D

1. Solve for the area of the rectangle.

\begin{gathered}A_{rectangle}=L\times W\\=5\ cm \times 10\ cm\\=\bold{50\ cm^2}\end{gathered}

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2. Solve for the area of the triangle.

\begin{gathered}A_{triangle}=\dfrac{b\times h}{2}\\=\dfrac{5\ cm\times5\ cm}{2}\\=\dfrac{25\ cm^2}{2}\\=\bold{12.5\ cm^2}\end{gathered}

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3. Combine (add) the two areas to find the area of the original figure.

\begin{gathered}A_{composite\ figure}=A_{rectangle}+A_{triangle}\\=50\ cm^2 +12.5\ cm^2\\=\bold{62.5\ cm^2}\end{gathered}

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If there's a Latex Error, Please click the second image attached below :)

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