The pet-agree co. buys dog collars from a manufacturer for $1.19 each. pet-agree marks-up each collar 356% of cost. what is the amount of marks-up?

Step-by-step explanation:

Hello, great question. These types are questions are the beginning steps for learning more advanced problems.

The Pet-agree company is buying the collars at $1.19. They then have to increase the price in order to make a profit. They decide to mark it up 356% of the cost they paid. In order to calculate the Selling Price we need to first convert the percent into a decimal. We can do this by moving the decimal point two digits to the left.

356.00%   ⇔   3.56

Now we can multiply the decimal by the original cost of the collar.

$1.19 × 3.56 = $4.236

Rounded up the Selling price of the collar would be $4.24. But the question asks us for the amount of the mark up, so we need to subtract the selling price from the buying price.

$1.19 - $4.24 = $3.05

The amount of mark-up from the original price is a $3.05 difference.

I hope this answered your question. If you have any more questions feel free to ask away at