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:
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Find 60% of $220:
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Add the markup to the original price:
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:
- How do you calculate a percentage discount?
- What is the formula for markup percentage?
- How do you find the original price from a marked-up price?
- How does a 10% markup compare to a 60% markup on the same price?
- 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