Answer:
The price of the bike on resale is $40.15
Step-by-step explanation:
In order to find the total cost, you need to first find the mark up amount. That mark up amount is equal to the original price multiplied by the mark up percentage.
$29.25 * 54% = $15.80
Now that we have the mark up amount, we can add it to the original cost.
$29.25 + $15.80 = $40.15
