SOLUTION: A store owner rents a space in the mall for her store. The mall owner just increased the amount of her rent. As a result, the store owner decides to raise all prices in her store

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A store owner rents a space in the mall for her store. The mall owner just increased the amount of her rent. As a result, the store owner decides to raise all prices in her store       Log On


   

Question 1025568: A store owner rents a space in the mall for her store. The mall owner just increased the amount of her rent. As a result, the store owner decides to raise all prices in her store by 6%. What is the new price of an item that had an original price of $75.
Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
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Original price=100%
New price=original price + 6%=100%+6%=106%
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1.06($75)=$79.50
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ANSWER: The new price is $79.50.
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