High School

It costs Sam $7.00 to purchase a pair of goggles. He then marks up the goggles by 75%. How much does Sam charge for a pair of goggles?

Answer :

Given:

Cost of a pair of goggles = $7.00

Mark up = 75%

To find:

The price of a pair of goggles after markup.

Solution:

We have,

Cost of a pair of goggles = $7.00

Mark up = 75%

So, price of a pair of goggles after markup is

[tex]\text{Price}=\text{Cost}+75\%\text{ of cost}[/tex]

[tex]\text{Price}=7+\dfrac{75}{100}(7)[/tex]

[tex]\text{Price}=7+5.25[/tex]

[tex]\text{Price}=12.25[/tex]

Therefore, the price of a pair of goggles after markup is 12.25.

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