Question

The Cooper’s daughter, Ashley, was working a water stand during the building of the new game room. Ashley’s mother told her to buy bottled water for $0.75 each and mark them up 40% to sell at her stand. What is the amount of the markup? How much does Ashley charge for each bottled water?

Answers

  1. Answer:
    What is the amount of the Markup?
    $0.3
    How much does Ashley charge for each bottled water?
    $1.05
    Step-by-step explanation:
    $0.75 is 100% of the cost.
    40% is the percentage of the markup
    Step 1: Add the 2 Percentages
    100% + 40% = 140%
    Step 2: Find 140% of $0.75, convert the percent to decimal for easier multiplication
    140% x 0.75 = 1.4 x 0.75 = 1.05
    = $1.05
    What is the amount of the Markup?
    1.05 – 0.75 = 0.3
    = $0.3
    How much does Ashley charge for each bottled water?
    $1.05

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