Math Problem Statement
A boutique decides to markup some popular items to make a better profit.
Select the markup price for each item.
$25.20 $25.30 $21.60
$22 shirt marked up 15% □ □ □ $18 hat marked up 20% □ □ □ $24 skirt marked up 5% □ □ □ 4b. Find the difference between the marked-up price of the shirt and its original price.
$
Solution
Let's calculate the markup prices for each item:
1. $22 shirt marked up 15%:
- Markup amount = 15% of $22 =
- Marked-up price = $22 + $3.30 = $25.30
2. $18 hat marked up 20%:
- Markup amount = 20% of $18 =
- Marked-up price = $18 + $3.60 = $21.60
3. $24 skirt marked up 5%:
- Markup amount = 5% of $24 =
- Marked-up price = $24 + $1.20 = $25.20
4b. Difference between marked-up price and original price of the shirt:
- Marked-up price of the shirt = $25.30
- Original price = $22.00
- Difference = $25.30 - $22 = $3.30
Let me know if you have any questions or want further details!
Here are five related questions to expand on this:
- How would you calculate the markup price for a $30 jacket marked up 10%?
- What is the markup percentage if a $20 item is marked up to $26?
- How would you find the total profit made from selling 10 shirts marked up 15%?
- How does the markup percentage affect customer demand in a boutique setting?
- If an item is marked up twice, once by 10% and then by 5%, how do you calculate the final price?
Tip: When calculating percentages, breaking them into decimal form simplifies the process (e.g., 15% becomes 0.15).
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Math Problem Analysis
Mathematical Concepts
Percentages
Price Markup
Formulas
Markup amount = Original price * (Markup percentage / 100)
Marked-up price = Original price + Markup amount
Difference between prices = Marked-up price - Original price
Theorems
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Suitable Grade Level
Grades 5-7