Algebra 1

Published by Prentice Hall
ISBN 10: 0133500403
ISBN 13: 978-0-13350-040-0

Entry Level Assessment - Multiple Choice - Page XXXV: 12

Answer

I) $220.50

Work Step by Step

The markup price is the amount that the jewelry store is charging from the costumers on top of the original price paid. As we can see, the markup is $215\%,$ divide $215$ by $100$ to convert percentage into numbers and then multiply with the original amount of the product that is $70$. Calculating this, we get $ 150.50$. Now, add this amount to the original price of the ring ($70$ USD), it's $220.50$. $215\div 100 = 2.15$ $2.15\cdot70 = 150.50$ $70+150.50 = 220.50$
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