Answer :
Final answer:
The amount of the markup on an easel that a store pays $36 for and marks up by 36% is $12.96.
Explanation:
The store pays $36 for an easel and wants to mark it up by 36%. To calculate the amount of the markup, we need to multiply the cost price by the markup percentage.
First, convert the markup percentage to its decimal form: 36% = 0.36.
Next, calculate the markup by multiplying the cost by the decimal markup percentage:
Markup = $36 × 0.36
= $12.96
Therefore, the store would add $12.96 to the cost of the easel to get the selling price.
