a store pays $98 for a digital camera. the store marks up the price by 45%. what is the amount of the mark…

a store pays $98 for a digital camera. the store marks up the price by 45%. what is the amount of the mark - up?

a store pays $98 for a digital camera. the store marks up the price by 45%. what is the amount of the mark - up?

Answer

Explanation:

Step1: Identify the formula

The amount of markup = Cost price × Mark - up percentage.

Step2: Substitute the values

The cost price of the digital camera is $198$ and the mark - up percentage is $45%$ or $0.45$ in decimal form. So, the amount of markup = $198\times0.45$.

Step3: Calculate the result

$198\times0.45 = 89.1$.

Answer:

$89.1$