Given that:
- The store pays $54 for the jar of fossils.
- It marks up the price by 5%.
Let be "x" the new price (in dollars).
In order to write the percent as a Decimal Number, you need to divide it by 100. Then:
[tex]\frac{5}{100}=0.05[/tex]
Therefore, 5% of $54 is:
[tex](\text{ \$}$54$)(0.05)=\text{ \$}$2.7$0[/tex]
Then, the new price is:
[tex]\begin{gathered} x=\text{ \$}$54$+\text{ \$}2.70 \\ x=\text{\$}$56.7$0 \end{gathered}[/tex]
Hence, the answer is:
[tex]\text{\$}$56.7$0[/tex]
