Question

A store pays $81 for a hockey stick and marks the price up by 5%. What is the amount of the mark-up?

Answer 1

.05 is equal to 5%
So for every dollar the mark up is .05cents
So if you times $81 by .05 this will give you the mark up because each of the 81$ needs .05 added to it.

So $4.05 Is the mark up

And

The cost would be markup and original added together