The selling price is:$9.38
Step-by-step explanation:
Mark up is the profit earned on an item.
Here
Given
Cost price =c = $7.50
Mark up = 25%
So,
[tex]Markup = \frac{25}{100} * 7.50\\=0.25*7.5\\=\$1.875[/tex]
The selling price of the book will be:
[tex]Selling\ price=Cost\ price+Markup\\= 7.5+1.875\\=\$9.375[/tex]
Rounding off to two decimal places
The selling price is:$9.38
Keywords: Percentage, Markup
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