Paul bought a concert ticket for $25. He sold the ticket at a 35 percent markup. Find Paul’s selling price
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given the statement:
Paul bought a concert ticket for 25$.
He sold the ticket at 35 percent markup.
Determine Paul's selling price.
Solution:
First we need to change 35% into a decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 35/100
=0.35
Multiply 25 by 0.35, and add the product to 25.
= (0.35)(25)
= 8.75
=8.75 + 25
= 33.75
Final answer:
Paul sold the ticket at a price of $33.75.