yum - yum - yum restaurant has just increased the wages they pay their employees. to help offset this added…

yum - yum - yum restaurant has just increased the wages they pay their employees. to help offset this added expense, yum - yum - yum must mark up their meals by 12%. if the average meal costs $7.99, how much will it cost after the markup? a $0.10 b. $0.096 c. $8.09 d. $8.95

yum - yum - yum restaurant has just increased the wages they pay their employees. to help offset this added expense, yum - yum - yum must mark up their meals by 12%. if the average meal costs $7.99, how much will it cost after the markup? a $0.10 b. $0.096 c. $8.09 d. $8.95

Answer

Explanation:

Step1: Calculate the markup amount

The markup is 12% of $7.99. So we calculate $7.99\times0.12 = 0.9588\approx0.96$.

Step2: Calculate the new price

The new price is the original price plus the markup. So $7.99 + 0.96=8.95$.

Answer:

D. $8.95