a book with a base price of $15.75 is marked ...
a book with a base price of $15.75 is marked up by 65%. what is the new price, to the nearest cent? a. $25.99 b. $24.23 c. $21.26 d. $20.47
Answer
# Answer:
A. $\$25.99$
# Explanation:
## Step1: Calculate the markup amount
The markup is $65\%$ of the base - price. The base price is $\$15.75$. The markup amount $m$ is calculated as $m = 0.65\times15.75$.
$m=0.65\times15.75 = 10.2375$
## Step2: Calculate the new price
The new price $P$ is the sum of the base price and the markup amount. So $P=15.75 + m$.
$P = 15.75+10.2375=25.9875\approx25.99$