Answer
Equation Simplified = 35 +0.05 x 35 = 36.75
Step by step
5% = 0.05
35 in this equation represents the principle
0.05 represents the rate
35 + 0.05 x 35 = 36.75
Simplified Equation: 35 +0.05 x 35
Price After Markup = 36.75
