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Chapter 2: Q 536. (page 216)

Nga and Lauren bought a chest at a flea market for $50. They re-finished it and then added a350% mark-up. Find 鈸� the amount of the mark-up and 鈸� the list price.

Short Answer

Expert verified

Amount of mark-up is$175

List price is equal to$225

Step by step solution

01

Step 1. Given information

Nga and Lauren bought a chest at a flea market for $50. They re-finished it and then added a350% mark-up.

02

Step 2. Amount of mark-up.

Amount of mark-up is equal to the product of mark-up rate and original price.

Amount of mark-up =3.5脳50

=$175

03

Step 3. Find the list price.

List price is equal to the sum of original price and mark-up price.

List price =50+175

=$225

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