Chapter 8.I, Problem 12RE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

LooLoo Clothing Emporium sells scarves for $19.95. If the cost per scarf is $12.50, what is the amount of the markup?

To determine

**To calculate:** The amount of markup if the selling price of scarves is

Explanation

**Given Information:**

The selling price of scarves is

**Formula used:**

The markup amount can be calculated using the following equation:

**Calculation:**

Consider the provided data,

The selling price of scarves is

So,

Sect-8.I P-1TIESect-8.I P-2TIESect-8.I P-3TIESect-8.I P-4TIESect-8.I P-5TIESect-8.I P-6TIESect-8.I P-1RESect-8.I P-2RESect-8.I P-3RESect-8.I P-4RE

Sect-8.I P-5RESect-8.I P-6RESect-8.I P-7RESect-8.I P-8RESect-8.I P-9RESect-8.I P-10RESect-8.I P-11RESect-8.I P-12RESect-8.I P-13RESect-8.I P-14RESect-8.I P-15RESect-8.I P-16RESect-8.I P-17RESect-8.I P-18RESect-8.I P-19RESect-8.I P-20RESect-8.I P-21RESect-8.I P-22RESect-8.I P-23RESect-8.I P-24RESect-8.I P-25RESect-8.II P-7TIESect-8.II P-8TIESect-8.II P-11TIESect-8.II P-1RESect-8.II P-2RESect-8.II P-3RESect-8.II P-4RESect-8.II P-5RESect-8.II P-6RESect-8.II P-7RESect-8.II P-8RESect-8.II P-9RESect-8.II P-10RESect-8.II P-11RESect-8.II P-12RESect-8.II P-13RESect-8.II P-14RESect-8.II P-15RESect-8.II P-16RESect-8.II P-17RESect-8.II P-18RESect-8.II P-19RESect-8.II P-20RESect-8.II P-21RESect-8.II P-22RESect-8.II P-23RESect-8.III P-12TIESect-8.III P-13TIESect-8.III P-14TIESect-8.III P-15TIESect-8.III P-16TIESect-8.III P-1RESect-8.III P-2RESect-8.III P-3RESect-8.III P-4RESect-8.III P-5RESect-8.III P-6RESect-8.III P-7RESect-8.III P-8RESect-8.III P-9RESect-8.III P-10RESect-8.III P-11RESect-8.III P-12RESect-8.III P-13RESect-8.III P-14RESect-8.III P-15RESect-8.III P-16RESect-8.III P-17RESect-8.III P-18RESect-8.III P-19RESect-8.III P-20RESect-8.III P-21RESect-8.III P-22RESect-8.III P-23RECh-8 P-1CRCh-8 P-2CRCh-8 P-3CRCh-8 P-4CRCh-8 P-5CRCh-8 P-6CRCh-8 P-7CRCh-8 P-8CRCh-8 P-9CRCh-8 P-10CRCh-8 P-11CRCh-8 P-12CRCh-8 P-13CRCh-8 P-14CRCh-8 P-1ATCh-8 P-2ATCh-8 P-3ATCh-8 P-4ATCh-8 P-5ATCh-8 P-6ATCh-8 P-7ATCh-8 P-8ATCh-8 P-9ATCh-8 P-10ATCh-8 P-11ATCh-8 P-12ATCh-8 P-13ATCh-8 P-14ATCh-8 P-15AT

Statistics for The Behavioral Sciences (MindTap Course List)

Intermediate Algebra

Elementary Technical Mathematics

Mathematical Excursions (MindTap Course List)

Probability and Statistics for Engineering and the Sciences

Essentials Of Statistics

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Understanding Basic Statistics

Finite Mathematics and Applied Calculus (MindTap Course List)

Calculus (MindTap Course List)

Single Variable Calculus

Finite Mathematics

Mathematical Applications for the Management, Life, and Social Sciences

Calculus: Early Transcendentals

Calculus: An Applied Approach (MindTap Course List)

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Precalculus: Mathematics for Calculus (Standalone Book)

Calculus: Early Transcendental Functions

Elementary Geometry For College Students, 7e

Multivariable Calculus

Single Variable Calculus: Early Transcendentals, Volume I

Single Variable Calculus: Early Transcendentals

Trigonometry (MindTap Course List)

Elements Of Modern Algebra

Calculus: Early Transcendental Functions (MindTap Course List)

Calculus of a Single Variable

Finite Mathematics for the Managerial, Life, and Social Sciences

Study Guide for Stewart's Multivariable Calculus, 8th

Elementary Geometry for College Students

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Introduction To Statistics And Data Analysis

Research Methods for the Behavioral Sciences (MindTap Course List)

Multivariable Calculus

College Algebra (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

Calculus (MindTap Course List)

Mathematics For Machine Technology

Research Methods for the Behavioral Sciences (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT