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18 May, 18:22

A bike store sells scooters at a 54% markup. If the store bought each scooter for $29.25, what is the resale price to the nearest dollar

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  1. 18 May, 20:09
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    The purchasing price of the store = $29.25.

    They want to resale it at 54% markup of the purchasing price.

    54% of 29.25 = 0.54 * 29.25.

    On multiplying 0.54 and 29.25, we get 15.795.

    Resale price = The purchasing price + Markup

    = 29.25 + 15.795.

    On adding 29.25 and 15.795, we get 45.045.

    We can round it to 45 to the nearest dollar.

    Therefore, the resale price to the nearest dollar is $45.
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