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