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How Do You Figure Out the Price of a Marked Up Item?

Last year when Santiago bought a plane ticket to Miami it cost $250. This year, the ticket was marked up 30%. How much did he spend on a plane ticket this year?

Summary

  1. p=new price, the amount Santiago pays this year
  2. $250 = the amount of the ticket last year
  3. 30% increase, therefore markup = 30%•$250
  4. 1st operation is inside the parentheses: 0.30•250
  5. 2nd operation is to add the integers: 250+75

Notes

    1. p=new price, the amount Santiago pays this year
    1. $250 = the original price
    2. 30% = %increase
    1. 1st operation: 0.30•250
    2. 2nd operation: 250+75