A business bought 500 lamps for $10,000. They want to mark them up 25%. What is the retail price of each lamp?
1 answer:
Answer:
$25 a lamp
Step-by-step explanation:
First divide $10,000 by 500 lamps to find how much one of them cost
That is $20 a lamp so then multiply .25 *20 or 1/4 *20
you get 5 than add 20 +5=25
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I hope this is good enough:
