The manager of a specialty store marks up imported products 110%. If a vase imported from Italy costs him $35, what price tag will he put on the item?
To ?nd out the price he sells it for, add the mark-up to his cost ($35). The mark-up is 110%. To ?nd 110% of his cost, multiply through the decimal equivalent of 110% (1.10); $35 × 1.10 = $38.50. The mark-up is $38.50. Add the mark-up to his cost to ?nd out the price the vase sells for; $38.50 + $35.00 = $73.50.