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A store pays $52\$52 for a sleeping bag and marks the price up by 2020% . What is the amount of the mark-up? \newline$\$_____

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Percent of a number: tax, discount, and moreright chevron icon

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Q. A store pays $52\$52 for a sleeping bag and marks the price up by 2020% . What is the amount of the mark-up? \newline$\$_____
  1. Convert to decimal: Convert 20%20\% to a decimal.\newline20÷100=0.220 \div 100 = 0.2
  2. Calculate mark-up amount: Calculate the mark-up amount.\newlineMark-up = Original price ×\times Mark-up percentage\newline= $52×0.2\$52 \times 0.2\newline= $10.4\$10.4

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