A store marks up a \(\$48\) jacket by \(25\%\). What is the final price?
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What this problem is really about
A markup is an added percent of the original forty-eight-dollar cost, not the final price by itself. We’ll find twenty-five percent of the original, add that markup to the starting cost, and label the sum in dollars. The equivalent total-percent multiplier gives a one-step check and confirms that the price increased.
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