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Answer :
Final answer:
To find the selling price of each easel that the store manager marks up by 75%, you multiply the original cost of $10.20 by 0.75 to get the markup of $7.65 and then add that to the original cost to determine the final selling price of $17.85.
Explanation:
The art store manager buys easels for $10.20 each and marks up the cost by 75% to determine the selling price. To calculate the selling price, we start by finding the amount of the markup. The markup is calculated as 75% of $10.20, which is:
Markup = Cost x Markup Percentage
Markup = $10.20 x 0.75 = $7.65
Now, add the markup to the original cost to find the selling price:
Selling Price = Original Cost + Markup
Selling Price = $10.20 + $7.65 = $17.85
Therefore, the selling price for each easel is $17.85.
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