A candy bar cost the store $0.79.

Question

Find the price of the candy bar if it is sold with a 65%
markup.

Responses

$1.44
1 point 4 4 dollars

$1.30
1 point 3 0 dollars

$1.17
1 point 1 7 dollars

$1.58
1 point 5 8 dollars

Answer 1

To calculate the selling price of the candy bar with a 65% markup, we can follow these steps:

1. Determine the markup amount.

2. Add the markup to the original cost.

3. Calculate the markup amount: \[ \text{Markup} = \text{Cost} \times \text{Markup Percentage} = 0.79 \times 0.65 = 0.5135 \]

4. Add the markup to the original cost to find the selling price: \[ \text{Selling Price} = \text{Cost} + \text{Markup} = 0.79 + 0.5135 = 1.3035 \]

Rounding to two decimal places, the selling price is approximately $1.30.

So, the price of the candy bar, when sold with a 65% markup, is $1.30.