Question
Shirley buys fiction books for $20 each, and then marks up by 25% to resell. What is the markup in dollars?
$3
$2.25
$4.80
$5
$3
$2.25
$4.80
$5
Answers
GPT-4o mini
To calculate the markup in dollars, we first need to determine the markup percentage applied to the cost price of the books.
Shirley buys each book for $20 and marks it up by 25%.
To find the markup in dollars, we can calculate:
\[
\text{Markup} = \text{Cost Price} \times \text{Markup Rate}
\]
Substituting the known values:
\[
\text{Markup} = 20 \times 0.25 = 5
\]
Thus, the markup in dollars is **$5**.
The correct answer is **$5**.
Shirley buys each book for $20 and marks it up by 25%.
To find the markup in dollars, we can calculate:
\[
\text{Markup} = \text{Cost Price} \times \text{Markup Rate}
\]
Substituting the known values:
\[
\text{Markup} = 20 \times 0.25 = 5
\]
Thus, the markup in dollars is **$5**.
The correct answer is **$5**.