A furniture store purchases a lamp for a $125. S the store needs a 65% mark up on cost. What is the increase in the cost of the lamp after the market
Considering the 65% increase what will a customer pay for the lamp
To find the increase in the cost of the lamp after the markup, we need to calculate 65% of the cost of the lamp.
65% of $125 = ($125 * 65) / 100 = $81.25
So, the increase in the cost of the lamp after the markup is $81.25.
To find out what a customer will pay for the lamp after the 65% increase, we need to add the increase to the original cost of the lamp.
Original cost of the lamp = $125
Increase in cost of the lamp = $81.25
Customer's price for the lamp = Original cost + Increase in cost
Customer's price for the lamp = $125 + $81.25 = $206.25
Therefore, a customer will pay $206.25 for the lamp after the 65% increase.