Question

A hobby store marks up remote-controlled cars 20%. The original price was $35. What is the retail price to purchase a remote-controlled car at the hobby store?

Answer 1

Answer:

The retail price to purchase a remote-controlled car at the hobby store is $42

Step-by-step explanation:

Original Price of remote controlled car = $35

Mark up = 20%

We need to find retail price.

First we will find mark up value i.e. 20% of 35 and then add it to the original price to find retail price.

Finding 20% of 35

$20\% \:of\: 35\\=\frac{20}{100}\times 35\\=7$

So, mark up price is $7

Now, the retail price will be:

Retail price = Original Price + Mark up

Retail price = 35 + 7

Retail price = 42

So, the retail price to purchase a remote-controlled car at the hobby store is $42