Question

A store pays $601 for a playground slide and marks the price up by 10%.What is the amount of the mark-up?

Answer 1

To calculate the amount of the mark-up, you can multiply the original cost of the playground slide by the mark-up percentage.

1. Determine the original cost:
\[
\text{Original cost} = 601
\]

2. Determine the mark-up percentage:
\[
\text{Mark-up percentage} = 10\% = 0.10
\]

3. Calculate the mark-up amount:
\[
\text{Mark-up amount} = \text{Original cost} \times \text{Mark-up percentage}
\]
\[
\text{Mark-up amount} = 601 \times 0.10 = 60.10
\]

The amount of the mark-up is **$60.10**.