Question

directions: write an expression and solve.

1. a clothing store buys shorts from the manufacturer. the store then marks up the price by 6%. find the new price if the original price of the shorts was $12.

2.

Explanation:

Step1: Understand the markup concept

Markup means increasing the original price by a certain percentage. The formula for the new price after a percentage markup is \( \text{New Price} = \text{Original Price} \times (1 + \text{Markup Percentage}) \). Here, the original price is $12 and the markup percentage is 6% or 0.06 in decimal.

Step2: Calculate the new price

Substitute the values into the formula. So, \( \text{New Price} = 12\times(1 + 0.06) \)
First, calculate \( 1 + 0.06 = 1.06 \)
Then, \( 12\times1.06 = 12.72 \)

Answer:

The new price of the shorts is $12.72.