Answer:
The new price is $1,321.63
Explanation:
First, Find out how much they bumped up the price. To do that, multiply the total the store paid for the chandelier by how much percent they will mark up the price.
Step 1 - Multiply
887 • 0.49 = 434.63
So, the store will bump up the price by $434.63. Now we must add this number to the price the store originally paid
Step 2 - Add
887 + 434.63 = 1,321.63
Therefore, the new price is $1,321.63
