Math Problem Statement

$220 marked up 60%

Solution

The image shows a pricing question where an item is priced at $220 and marked up by 60%. To find the marked-up price, we need to calculate the 60% markup on $220.

Here's how we can do it:

  1. Find 60% of $220:
    Markup=220×60100=220×0.60=132\text{Markup} = 220 \times \frac{60}{100} = 220 \times 0.60 = 132

  2. Add the markup to the original price:
    Final price=220+132=352\text{Final price} = 220 + 132 = 352

So, the new price after a 60% markup is $352.

Would you like further clarification or additional details about markup calculations? Here are some related questions:

  1. How do you calculate a percentage discount?
  2. What is the formula for markup percentage?
  3. How do you find the original price from a marked-up price?
  4. How does a 10% markup compare to a 60% markup on the same price?
  5. How can I calculate a markup if the final price is given?

Tip: When calculating percentage increases, always express the percentage as a decimal (e.g., 60% becomes 0.60) before performing the multiplication.

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Math Problem Analysis

Mathematical Concepts

Percentage
Markup Calculation
Basic Arithmetic

Formulas

Final Price = Original Price + (Original Price × Markup Percentage)

Theorems

Percentage Increase Formula

Suitable Grade Level

Grades 6-8