Knowee
Questions
Features
Study Tools

Astorepays$751forasurfboardandmarksthepriceupby42%.Whatistheamountofthemark-up?

Question

Astore pays $751 for a surfboard and marks the price up by 42%. What is the amount of the mark-up?

🧐 Not the exact question you are looking for?Go ask a question

Solution

1. Break Down the Problem

We need to determine the amount of the markup on a surfboard that initially costs $751, which is then marked up by 42%.

2. Relevant Concepts

To find the markup amount, we can use the formula: Markup Amount=Original Price×(Markup Percentage100) \text{Markup Amount} = \text{Original Price} \times \left(\frac{\text{Markup Percentage}}{100}\right)

3. Analysis and Detail

  1. Identify the original price of the surfboard: Original Price=751 \text{Original Price} = 751
  2. Identify the markup percentage: Markup Percentage=42 \text{Markup Percentage} = 42
  3. Substitute the values into the markup formula: Markup Amount=751×(42100) \text{Markup Amount} = 751 \times \left(\frac{42}{100}\right)

4. Verify and Summarize

Now, calculate the markup amount: Markup Amount=751×0.42=315.42 \text{Markup Amount} = 751 \times 0.42 = 315.42

Final Answer

The amount of the markup is $315.42.

This problem has been solved

Similar Questions

Astorepays$751forasurfboardandmarksthepriceupby42%.Whatistheamountofthemark-up?

An item marked at Rs 840 is sold for Rs 714. What is the percentage (%) of discount?

After an item is discounted 25 percent, it sells for $375. How much was the item originally?

Home Depot is having a 45% off sale on air conditioners. Sarah pays $124 for an air conditioner. What was the original price

The price of an item has risen to $153 today. Yesterday it was $60. Find the percentage increase.

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.