QQuestionMathematics
QuestionMathematics
Calculate the price of an item marked up by 72% from an original price of $3.
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Answer
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Step 1:I'll solve this problem step by step, following the specified LaTeX formatting guidelines:
Step 2:: Identify the original price
The original price is $$\$3.00
Step 3:: Calculate the markup percentage
The markup is $$72\%$$, which means we'll multiply the original price by $$1 + 0.72
Step 4:: Compute the new price
\begin{align}
\text{New Price} &= \text{Original Price} \times (1 + \text{Markup Percentage}) \ &= \$3.00 \times (1 + 0.72) \ &= \$3.00 \times 1.72 \end{align}
Step 5:: Perform the final calculation
\begin{align}
\text{New Price} &= \$3.00 \times 1.72 \ &= \$5.16 \end{align}
Final Answer
The item's price after a 72% markup is \$5.16.
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