It Costs Nike about $13 to make a pair of Jordan Sneakers. The Markup is 1250%. a. What is the Markup?
b. What is the Selling Price?
Amount of Markup = Cost X Markup
Selling Price= Cost + Amount of Markup
Mark up (Expression to find selling price) =Original price + (Original Price x %increase) (Change % to decimal)

9514 1404 393

  a) markup: $162.50

  b) selling price: $175.50

Step-by-step explanation:

Use the given formulas to answer the questions.

1) Markup Amount = Cost × Markup Rate

  Markup Amount = $13 × 1250% = $13 × 12.50

  Markup Amount = $162.50

__

2) Selling price = Cost + Markup Amount

  Selling price = $13 +162.50

  Selling price = $175.50

Comment on percents

The % symbol can be thought of as a shorthand way to write /100. That is, anyplace you see %, you can substitute /100, and vice versa.

  1250% = 1250/100 = 12.50

amount of oatypop that contains the prize = 40%

amount   of oatypop which doesn't contain the prize = (100-40)=60%

probability that hannah will win a prize

    = s +f s +f f s+ff   f s+ff f f s+ infinity.where f= failure,s= success

=   or 60%

probability that hannah only has to buy 3 or less boxes before getting a prize= (s) and ( f s) and (ff s) and (f f f s)

        = = 87.04 %  

step-by-step explanation: