Answer:
1. Markup: $2.70, Retail: $20.70
2. Markup: $9.45, Retail: $31.95
3. Markup: $25.31, Retail: $59.00
4. Markup: $24.75, Retail: $99.74
5. Markup: $48.60, Retail: $97.20
6. Markup: $231.25, Retail: $416.25
Step-by-step explanation:
To get the markup price of an item, multiply it by the markup percentage as a decimal. To get the decimal of a percentage, divide the number by 100. For example, 15% would be 0.15. And then to find how much the item has been marked up by, multiply the current price by the decimal.
$18 * 0.15 = $2.70
So $2.70 is the markup. To find the retail price, you need to add the markup price to the current price given.
$18 + $2.70 = $20.70
So your retail price is $20.70. Repeat these steps for each question to get the answers above.
Hope this helps.
It really depends on the situation as probability depends on logic more than simple mathematical equations. However you must keep in mind a few principles:
1- P = number of possible outcomes of the event / total outcomes
2- P always less than or equal to 1.
3- For independent events A and B to occur simultaneously, P= P(A) x P(B)
You can send me the question you’re stuck at for further help.
1) The outcomes for rolling two dice, the sample space, is as follows:
(1, 1), (1, 2), (1, 3), (1, 4), (1, 5), (1, 6)
(2, 1), (2, 2), (2, 3), (2, 4), (2, 5), (2, 6)
(3, 1), (3, 2), (3, 3), (3, 4), (3, 5), (3, 6)
(4, 1), (4, 2), (4, 3), (4, 4), (4, 5), (4, 6)
(5, 1), (5, 2), (5, 3), (5, 4), (5, 5), (5, 6)
(6, 1), (6, 2), (6, 3), (6, 4), (6, 5), (6, 6)
There are 36 outcomes in the sample space.
2) The ways to roll an odd sum when rolling two dice are:
(1, 2), (1, 4), (1, 6), (2, 1), (2, 3), (2, 5), (3, 2), (3, 4), (3, 6), (4, 1), (4, 3), (4, 5), (5, 2), (5, 4), (5, 6), (6, 1), (6, 3), (6, 5). There are 18 outcomes in this event.
3) The probability of rolling an odd sum is 18/36 = 1/2 = 0.5
