The price charged for the batch of cookies is $8.925
Step-by-step explanation:
Marked price refers to the price at which an establishment offers to sale a product. For-profits to occur, marked price is always more than cost price (cost of producing the item)
Here the local bakery has marked up the price by 155%. This means that the local bakery has increased the marked price by 155% above the cost price accrued to them.
The cost price of the cookies= $ 3.5
Hence the increased marked price= (155/100) *3.5
Increased marked price= $ 5.425
Hence the charge customers need to pay for the cookies= increased marked price + cost price
Charge = $5.425+ $3.5= $8.925
the price charged for the batch of cookies is $8.925
