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1:  One wooden boat cost you $12.00 in supplies.  You will be marking the price up by 20% on this.  How much will each toy cost when you place the price on your site and how much in profit will you earn?

 

 

 

 

2:  You have made two of the exact same necklaces that cost you a total of $15 in supplies.  You have chosen to mark up the price by 15%.  How much will each necklace be sold at and how much will you make in profit for each?

 Dec 5, 2018
 #1
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1.)

 

20% more than the oringinal cost is 20% over 100% which is 120%. 120% is 1.2 as a decimal.

 

12 * 1.2 = 14.40

 

Subtract the cost

 

$14.40 - $12 = $2.4

 

2.)

 

Two necklaces cost $15 so divide that in two to get $7.5 each.

 

Use the same process as number one to get 8.625 or $8.63 and the profit is 1.125 or $1.13.

 Dec 5, 2018

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