Answer :
The selling price of each easel is $17.85.
What is mean by Percentage?
A number or ratio that can be expressed as a fraction of 100 or a relative value indicating hundredth part of any quantity is called percentage.
We have to given that;
There store manager buys easels for $10.20 each.
And, He marks up the cost by 75% to get the selling price.
Now, The selling price of each easel is,
⇒ $10.20 + 75% of $10.20
⇒ $10.2 (1 + 75%)
⇒ $10.2 (1 + 0.75)
⇒ $10.20 × 1.75
⇒ $17.85
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Final answer:
The selling price of each easel is $17.85, calculated by marking up the original cost of $10.20 by 75%.
Explanation:
The store manager buys easels for $10.20 each and marks them up by 75% to determine the selling price. To calculate the selling price, we first compute the markup amount which is 75% of the cost price.
To find 75% of any amount, we can multiply the amount by 0.75 (since 75% is equivalent to 0.75 in decimal form).
The markup amount is therefore $10.20 × 0.75 = $7.65. Next, we add this markup amount to the original cost price to find the selling price:
$10.20 (cost price) + $7.65 (markup) = $17.85 (selling price).
Therefore, the selling price of each easel is $17.85.
