Question
A store pays $325 for a microscope. The store marks up the price by 17%. What is the amount of the mark-up?
Round your answer to the nearest dollar: $
Round your answer to the nearest dollar: $
Answers
GPT-4o mini
To find the amount of the mark-up, we can calculate 17% of the cost price of the microscope, which is $325.
First, we convert the percentage to a decimal:
\[
17\% = \frac{17}{100} = 0.17
\]
Next, we calculate the mark-up:
\[
\text{Mark-up} = \text{Cost Price} \times 0.17 = 325 \times 0.17
\]
Now, performing the multiplication:
\[
325 \times 0.17 = 55.25
\]
Rounding this to the nearest dollar gives us:
\[
\text{Mark-up rounded} = \$55
\]
Thus, the amount of the mark-up is \(\boxed{55}\) dollars.
First, we convert the percentage to a decimal:
\[
17\% = \frac{17}{100} = 0.17
\]
Next, we calculate the mark-up:
\[
\text{Mark-up} = \text{Cost Price} \times 0.17 = 325 \times 0.17
\]
Now, performing the multiplication:
\[
325 \times 0.17 = 55.25
\]
Rounding this to the nearest dollar gives us:
\[
\text{Mark-up rounded} = \$55
\]
Thus, the amount of the mark-up is \(\boxed{55}\) dollars.