Math Problem Statement
a store marks up the price of a mirror by 20%. If the wholesale price of the mirror is $15, what is the selling price of the mirror after the markup?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage
Markup
Formulas
Markup amount = Wholesale price × Markup percentage
Selling price = Wholesale price + Markup amount
Theorems
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Suitable Grade Level
Grades 6-8