A furniture store purchases a lamp for $125. The store needs a 65% markup on cost.A furniture store purchases a lamp for $125. The store needs a 65% markup on cost.
What is the increase in the cost of the lamp after the markup?
Responses
A$81.25
$81.25
B$73.55
$73.55
C$65.00
$65.00
D$43.75
To find the increase in the cost of the lamp after the markup, multiply the cost of the lamp ($125) by the markup percentage (65%) and divide by 100.
Increase = $125 * 65 / 100
Increase = $81.25
Therefore, the increase in the cost of the lamp after the markup is $81.25.
The correct answer is A$81.25 or $81.25.