A store pays $11 for a set of spoons and marks the price up by 30%. What is the amount of the markup?

Step-by-step explanation:

Given:

Amount paid by a store for a set of spoons = $11

Percentage increase in price = 30%

To find: amount of the mark up

Solution:

To find amount of the mark up, find 30% of (amount paid by a store for a set of spoons)

Amount of the mark up =

y = 0.77(x)

step-by-step explanation:

the jacket retains this value after 23% cut or retains 77% of original value. plug original 87 jacket price for x and the remaining value should be y.