Calculating Price Using a Markup Percentage of Cost

Lake McDonald Gift Shop has decided to price the games that it sells at cost plus 80%. The National Parks Memory Card Game costs $5.00 each, and another one, the Guess This Animal Track Game, costs $0.50 each.

Required:

1. What price will Lake McDonald Gift Shop charge for each National Parks Memory Card Game? If required, round your answer to two decimal places. $

2. What price will Lake McDonald Gift Shop charge for each Guess This Animal Track Game? If required, round your answer to two decimal places. $