Answer: $ 111.09
Step-by-step explanation:
Original price = $ 552
mark up price = [tex]20\frac{1}{8}[/tex]%
To find the mark up price , we will calculate [tex]20\frac{1}{8}[/tex]% of the original price , that is
[tex]20\frac{1}{8}[/tex]% of $552
converting [tex]20\frac{1}{8}[/tex]% to improper fraction , we have
[tex]\frac{161}{8}[/tex]% of $552
= [tex]\frac{161}{800}[/tex] x $552
= $ 111.09
