If you go out to eat, a good tip is $18 when the bill costs $100. What is this percent?
2 answers:
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Answer:
The new cost is $108.98
Step-by-step explanation:
Mark up is the amount that is added to cost price of a product for profit.
Given
Cost price of boots = C = $99.99
Mark up = 9%
First of all we will calculate markup and then add it to the cost price of boots to find the new cost.
The new cost will be:
The new cost is $108.98