Eleven years ago, you deposited $3,200 into an account. seven years ago, you added an additional $1,000 to this account. you ear
ned 9.2 percent, compounded annually, for the first 4 years and 5.5 percent, compounded annually, for the last 7 years. how much money do you have in your account today? $8,666.67 $7,411.90 $7,717.29 $8,073.91 $8,708.15
If your cost is $8.00 and you wish to markup that price by 40%, 80% + 40% = 120%. Divide the $8.00 cost by 120% and get the retail price of $15.00. Therefore, the markup amount is $7.00 ($15.00 - $8.00 = $7.00) and the selling price is $15.
