Given:
Cost of a pair of goggles = $7.00
Mark up = 75%
To find:
The price of a pair of goggles after markup.
Solution:
We have,
Cost of a pair of goggles = $7.00
Mark up = 75%
So, price of a pair of goggles after markup is
[tex]\text{Price}=\text{Cost}+75\%\text{ of cost}[/tex]
[tex]\text{Price}=7+\dfrac{75}{100}(7)[/tex]
[tex]\text{Price}=7+5.25[/tex]
[tex]\text{Price}=12.25[/tex]
Therefore, the price of a pair of goggles after markup is 12.25.
