Answer:
The marked price of the item is $9.24.
Step-by-step explanation:
The cost of an item is $6.95.
The retailer wants a markup of 33%.
The markup amount is
[tex]6.95\times \frac{33}{100}=2.2935[/tex]
The marked pries is the addition of original cost and markup value.
[tex]\text{Marked price}=6.95+2.2935=9.2435\approx 9.24[/tex]
Therefore the marked price of the item is $9.24.
