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Kelly wants to buy a magazine that is $25. Later, the magazine was marked up an additional 20%. What is the new price?

Answer :

Final answer:

To calculate a 20% markup on a $25 magazine, first find 20% of $25, which is $5. Add this $5 markup to the original price to get the new price of $30.

Explanation:

Kelly wants to buy a magazine that is priced at $25. The magazine was later marked up by 20%. In such a case, we have to find the increased price after the markup. A markup of 20% would mean that the price increase is calculated as 20% of the original price.

First, let's calculate 20% of $25.

20/100 * $25 = $5

So, the markup on the magazine is $5.

Next, we add the markup to the original price to find the new price.

New Price = Original Price + Markup

New Price = $25 + $5 = $30

So, after a 20% markup, the magazine that Kelly wants to buy would cost $30.

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Rewritten by : Barada

$30 because 25/20 =5 which means for every 20% percent 5 will be added