1. **State the problem:** A store pays 18 for a teapot and marks up the price by 40%. We need to find the amount of the mark-up.
2. **Formula:** The mark-up amount is calculated by multiplying the original price by the mark-up percentage.
$$\text{Mark-up} = \text{Original Price} \times \text{Mark-up Percentage}$$
3. **Apply the values:**
$$\text{Mark-up} = 18 \times 0.40$$
4. **Calculate:**
$$\text{Mark-up} = 7.2$$
5. **Interpretation:** The amount of the mark-up is 7.2.
So, the store adds 7.2 to the original price as the mark-up.
Markup Amount 26C348
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