A book with a base price of $15.75 is marked up by 65%. What is the new price, to the nearest cent?

A 65% markup means the book’s price increases by 65% of its base price. The markup is $15.75 × 0.65 = $10.2375, so the new price is $15.75 + $10.2375 = $25.9875, which rounds to $25.99. The correct choice is $25.99.

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