Question

It costs sam $7.00 to purchase a pair of goggles. He then marks up the goggles 75%. How much does sam charge for a pair of goggles.

Answer 1

Given:

Cost of a pair of goggles = $7.00

Mark up = 75%

To find:

The price of a pair of goggles after markup.

Solution:

We have,

Cost of a pair of goggles = $7.00

Mark up = 75%

So, price of a pair of goggles after markup is

$\text{Price}=\text{Cost}+75\%\text{ of cost}$

$\text{Price}=7+\dfrac{75}{100}(7)$

$\text{Price}=7+5.25$

$\text{Price}=12.25$

Therefore, the price of a pair of goggles after markup is 12.25.