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A store pays $87\$87 for a nightstand and marks the price up by 20%20\%. What is the amount of the mark-up? \newline$\$_____

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Q. A store pays $87\$87 for a nightstand and marks the price up by 20%20\%. What is the amount of the mark-up? \newline$\$_____
  1. Calculate mark-up percentage: Calculate the mark-up amount.\newlineMark-up percentage = 20%20\%\newlineCost price of the nightstand = $87\$87\newlineMark-up amount = Cost price ×\times Mark-up percentage\newlineMark-up amount = $87\$87 ×20%\times 20\%\newlineMark-up amount = $87\$87 ×0.20\times 0.20\newlineMark-up amount = $17.40\$17.40

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