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Difficulty: EasyPercentage Change, Markups, and Discounts

A contractor purchases lumber for a deck project at a wholesale price of $600\$600. To cover transportation and handling, the contractor applies a 15%15\% markup to the cost of the lumber. What is the total amount, in dollars, the contractor bills the client for the lumber?

Answer: 690 dollars

Answer

690
To find the total amount billed, first calculate the 15%15\% markup on the $600\$600 cost. Multiplying $600\$600 by 0.150.15 gives a markup of $90\$90. Since it is a markup, this value is added to the original wholesale price. $600+$90=$690\$600 + \$90 = \$690.

Step-by-Step Solution

1
Calculate the markup amount.
$90\$90
The contractor applies a 15%15\% markup to the $600\$600 wholesale cost. 0.15×600=900.15 \times 600 = 90.
2
Add the markup to the wholesale cost.
$690\$690
The final amount billed to the client is the original cost plus the markup. 600+90=690600 + 90 = 690.

Key Concept

Calculating a percentage markup and adding it to the original cost to find the final price.
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Topics

Percentage Change, Markups, and Discounts

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