name david wright date 04/23/25 core 3\n1. target is marking up their jewelry by 20%. how much is the markup…

name david wright date 04/23/25 core 3\n1. target is marking up their jewelry by 20%. how much is the markup on a necklace that costs $12.49?\n2. bob marks up all the food he sells 300%. it costs him $2.59 to make a burger and $0.75 for a medium order of fries. how much would he charge for these two items?

name david wright date 04/23/25 core 3\n1. target is marking up their jewelry by 20%. how much is the markup on a necklace that costs $12.49?\n2. bob marks up all the food he sells 300%. it costs him $2.59 to make a burger and $0.75 for a medium order of fries. how much would he charge for these two items?

Answer

Explanation:

Step1: Calculate markup for necklace

To find the markup amount, use the formula: Markup amount = Original cost × Markup percentage. The original cost of the necklace is $12.49 and the markup percentage is 20% or 0.2 in decimal form. So, the markup amount is $12.49×0.2. $12.49\times0.2 = 2.498\approx2.50$

Step2: Calculate selling - price for burger and fries

First, find the markup amount for the burger. The cost of the burger is $2.59 and the markup percentage is 300% or 3 in decimal form. Markup amount for burger = $2.59×3 = 7.77$. The selling - price of the burger is $2.59 + 7.77=10.36$. The cost of fries is $0.75 and with a 300% markup, the markup amount for fries is $0.75×3 = 2.25$. The selling - price of fries is $0.75 + 2.25 = 3$. The total selling - price for burger and fries is $10.36+3 = 13.36$.

Answer:

  1. The markup on the necklace is approximately $2.50.
  2. Bob would charge $13.36 for the burger and medium - order of fries.