Question

2.13 - discounts and markup
due sunday by 11:59pm points 100 submitting an external tool available sep 8 at 12am - sep 28 at 11:59pm
question
flora paid her supplier $0.75 a stem for roses to sell at her flower shop. she added an 80% mark - up.
what is the amount of mark - up?
provide your answer below

Explanation:

Step1: Recall markup formula

Mark - up amount = Cost price×Mark - up percentage.

Step2: Convert percentage to decimal

The mark - up percentage is 80%. Convert 80% to a decimal: $80\%=\frac{80}{100}=0.8$.

Step3: Calculate mark - up amount

The cost price per stem is $0.75$. So the mark - up amount = $0.75\times0.8$.
$0.75\times0.8 = 0.6$.

Answer:

$0.6$