Question

Christian's mom works at the concession stand during sporting events. She told him they buy candy bars for $0.75 each and mark them 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?

Answer 1

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