A store pays $887 for a chandelier. The store marks up the price by

49%. What is the new price?

1321.63

The new price is $1,321.63

Explanation:

First, Find out how much they bumped up the price. To do that, multiply the total the store paid for the chandelier by how much percent they will mark up the price.

Step 1 - Multiply

887 • 0.49 = 434.63

So, the store will bump up the price by $434.63. Now we must add this number to the price the store originally paid

Step 2 - Add

887 + 434.63 = 1,321.63

Therefore, the new price is $1,321.63