an item costs a store $25 from the manufacturer. the store plans to mark up the item at 80% of the cost. use…

an item costs a store $25 from the manufacturer. the store plans to mark up the item at 80% of the cost. use this information to calculate the sticker price the store should sell the item for.\n$?\nround to the nearest cent.

an item costs a store $25 from the manufacturer. the store plans to mark up the item at 80% of the cost. use this information to calculate the sticker price the store should sell the item for.\n$?\nround to the nearest cent.

Answer

Explanation:

Step1: Calculate the markup amount

The markup is 80% of the cost. The cost is $25. So the markup amount $m$ is $m = 25\times0.8$. $m=25\times0.8 = 20$

Step2: Calculate the sticker - price

The sticker - price $p$ is the sum of the cost and the markup. So $p=25 + m$. $p=25+20=45$

Answer:

$45.00$