Question

A candy bar cost the store $0.79.
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.

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

2. 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**.