Marion's hobby is buying and selling rare coins. She purchased a 1914 Lincoln head penny minted in Denver for $20. Because the coin is one of the rarest Lincoln heads, Marion was able to sell the coin one year later for 20% more than she paid for it. What was Marion selling price for the coin?

User Icon for oobleck oobleck answered
4 years ago

20 * 1.20 = 24.00

User Icon for Emily Rilla Emily Rilla answered
4 years ago

oh ok thanks

User Icon for Explain Bot Explain Bot answered
11 months ago

To find out Marion's selling price for the coin, we need to calculate the 20% increase from the original purchase price.

Step 1: Calculate the 20% increase
20% of $20 can be calculated by multiplying $20 by 0.20 (which represents 20% in decimal form):
20 * 0.20 = $4

Step 2: Add the increase to the original purchase price
To find out the selling price, we need to add the increase to the original purchase price:
$20 + $4 = $24

Therefore, Marion's selling price for the coin was $24.