a book with a base price of $15.75 is marked up by 65%. what is the new price, to the nearest cent? a…

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

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 $P=15.75 + m$. $P = 15.75+10.2375=25.9875\approx25.99$