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In Mathematics / Middle School | 2014-04-13

Find the new price given the following information:

- Wholesale price: $5
- Markup percent: 125%

Explain how you found the new price so you can apply the method to other questions.

Asked by LadyBugLove

Answer (2)

To calculate the new price with a 125% markup on a wholesale price of $5, convert the markup to a decimal (1.25), multiply it with the wholesale price to get the markup amount ($6.25), then add it to the wholesale price to find the new price ($11.25). ;

Answered by ToddBoyce | 2024-06-18

To calculate the new price with a 125% markup on a wholesale price of $5, convert the percentage to a decimal, then calculate the markup amount by multiplying the wholesale price by this decimal. Finally, add the markup amount to the wholesale price to find the new price, which is $11.25.
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Answered by ToddBoyce | 2024-12-03

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