A bike was originally 240 but the price was marked up 15%W What is the new price of the bike?
a) $250
b) $264
c) $268
d) $276
I think it is b. Am I right?
i think its D
nope.
240 * 1.15 = 276
264 is a 10% increase: 240+24
Okay. Thank you very much! :)
To determine the new price of the bike after a 15% markup, you can follow these steps:
1. Calculate the markup amount: Multiply the original price by the markup percentage. In this case, the markup is 15% of $240: 0.15 * $240 = $36.
2. Add the markup amount to the original price to find the new price: $240 + $36 = $276.
Therefore, the correct answer is d) $276, not b) $264.