Questions: Mckar Company sells lamps and they have decided that they would make the price of their lamps 30% more than what it cost the company to make the lamp. So if the cost to make the lamp was 36, what would be the selling price of the lamp?

Mckar Company sells lamps and they have decided that they would make the price of their lamps 30% more than what it cost the company to make the lamp. So if the cost to make the lamp was 36, what would be the selling price of the lamp?
Transcript text: Mckar Company sells lamps and they have decided that they would make the price of their lamps $30 \%$ more than what it cost the company to make the lamp. So if the cost to make the lamp was $36, what would be the selling price of the lamp?
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Solution

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Solution Steps

Step 1: Calculate the Selling Price of the Lamp

To find the selling price of the lamp, we need to calculate 30% more than the cost price. The cost to make the lamp is $36.

First, calculate 30% of $36: \[ 0.30 \times 36 = 10.8 \]

Next, add this amount to the original cost to find the selling price: \[ 36 + 10.8 = 46.8 \]

Final Answer

The selling price of the lamp is \(\boxed{46.8}\).

Step 2: Convert Percentage to Decimal

To convert 9.2% to a decimal, divide by 100: \[ 9.2\% = \frac{9.2}{100} = 0.092 \]

Final Answer

The decimal representation of 9.2% is \(\boxed{0.092}\).

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