/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 3.49 Find 鈸� the amount of mark-up a... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 3: Q. 3.49 (page 332)

Find 鈸� the amount of mark-up and 鈸� the list price.

Jim鈥檚 music store bought a guitar at original cost $1200. Jim marked the price up 50%.

Short Answer

Expert verified

If Jim鈥檚 music store bought a guitar at original cost $1200and Jim marked the price up 50% then

(a) The amount of markup on the guitar was $600.

(b) The list price of the guitar is $1800

Step by step solution

01

Step 1. Given information 

Original price=$1200

Mark up rate=50%

02

Step 2. Part (a)  

Consider the amount of markup ism

The amount of markup is 50% of the original price $1200

m=0.501200m=600

So the amount of markup on the guitar was $600.

03

Step 3. Part (b)  

Consider the list price is p

The list price is the sum of the original price $1200and the amount of markup $600

role="math" localid="1647130380401" p=1200+600p=1800

So the list price of the guitar is $1800.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Hang borrowed \(7500from her parents to pay her tuition. In 5years, she paid them \)1500interest in addition to the $7500 she borrowed. What was the rate of interest?

Find three consecutive even integers whose sum is-84.

What percent of 1800 is846?

Find the percent decrease. (Round to the nearest tenth of a percent.)

The population of North Dakota was about 672,000in2010. The population is projected to be about 630,000in2020.

Find 鈸� the amount of discount and 鈸� the sale price:

Oscar bought a barbecue that was discounted 65% from an original price of $395.
See all solutions

Recommended explanations on Math Textbooks

Logic and Functions

Read Explanation

Discrete Mathematics

Read Explanation

Geometry

Read Explanation

Mechanics Maths

Read Explanation

Theoretical and Mathematical Physics

Read Explanation

Probability and Statistics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.