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To ensure profits, a store is going to sell a sweater for 115 percent of the production cost. It costs $10 to make the sweater. Below are the calculations for finding the selling price. What mistake did the store owner make? (Original Cost)(Percent) = New Cost ($10)(0.115) = $1.15 The new cost is correct. The owner should have divided by 0.115. The owner should have multiplied by 11.5. The owner should have multiplied by 1.15.

Respuesta :

jamielhoward0928

Answer:I did the test and the answer is The owner should have multiplied by 1.15.

Step-by-step explanation:

Sample text

To make the calculation 115 percent of the production cost , the owner should have multiplied by 1.15 to the production cost.

What is percentage?

" Percentage is defined as the hundredth part of any given number".

According to the question,

Production cost of a sweater = $10

To ensure profit , selling price = 115 percent of the production cost

(Original Cost)(Percentage)

[tex]= (10)(\frac{115}{100} )[/tex]

[tex]= $11.5[/tex]

Hence, to make the calculation 115 percent of the production cost , the owner should have multiplied by 1.15 to the production cost.

Learn more about percentage here

https://brainly.com/question/13450942

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