a store pays $15 for a set of forks and marks the price up by 5%. what is the amount of the mark - up?

Explanation:

Step1: Identify the formula

The mark - up amount formula is Mark - up amount = Cost price×Mark - up percentage.

Step2: Convert percentage to decimal

The mark - up percentage is 5%. To use it in the formula, we convert it to a decimal. 5% = 0.05.

Step3: Calculate the mark - up amount

The cost price of the set of forks is $15. So, Mark - up amount = 15×0.05 = 0.75.

Answer:

$0.75