Christian's mom works at the concession stand during sporting events. She told him they buy candy bars for $0.75 each and mark t
hem up 40% to sell at the concession stand. What is the amount of the markup? How much does the concession stand charge for each candy bar?
1 answer:
Answer: $0.3 ; $1.05
Step-by-step explanation:
Price of candy = $0.75
Mark up = 40% = 40/100 = 0.4
(a) Amount of the markup = Price × Mark up percent = $0.75 × 0.4 = $0.3
(b) Amount charged by the concession stand for each candy bar will be:
Price of candy + Mark up amount
= $0.75 + $0.30
= $1.05
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