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Vladimir [108]
3 years ago
11

A store pays $32 for a vase they mark it up by 16% what is the selling price

Mathematics
2 answers:
exis [7]3 years ago
7 0
A mark-up would case for the price to increase. 

If the store pays $32 and they mark it up by 16%, it is basically saying that they took the original price and increased it by 16% of $32. 

There are two ways to do this--one of them is simpler (in my opinion) than the other. I will show you the simpler way...

Normally in the longer way we would take 16% of $32 and then take that product and add it to $32. But since we know that it is a mark-up (the price will increase) we can just multiply $32 by 1.16 (notice I added one whole value to this). 

$32 x 1.16 = $37.12

(Also, if you want to check, then you can take the longer method and see if that answer matches up to $37.12.) 
yaroslaw [1]3 years ago
6 0
16% of 32 is 2 becasue 2 times 16=32 so just add 32+2=34 my answer might be wrong but dont report because i used time and tryed my mediumest not best
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