percent increase\na furniture store purchases a lamp for $125. the store needs a 65% markup on cost.\npart…

percent increase\na furniture store purchases a lamp for $125. the store needs a 65% markup on cost.\npart 1: what is the increase in the cost of the lamp after the markup?\na $81.25\nb $73.55\nc $65.00\nd $43.75

percent increase\na furniture store purchases a lamp for $125. the store needs a 65% markup on cost.\npart 1: what is the increase in the cost of the lamp after the markup?\na $81.25\nb $73.55\nc $65.00\nd $43.75

Answer

Explanation:

Step1: Identify the formula for markup increase

The increase due to markup is calculated by finding a percentage of the original cost. The formula is: Increase = Original Cost × Markup Percentage. Here, the original cost is $125 and the markup percentage is 65% (or 0.65 in decimal form).

Step2: Calculate the increase

Using the formula, we substitute the values: Increase = ( 125 \times 0.65 ) Calculating this, ( 125 \times 0.65 = 81.25 )

Answer:

A. $81.25