The new price of the store for the bunch of balloons is $3.3.
The selling price of an item is the price at which it is sold. The selling price is denoted by the letter S.P.
For a bunch of balloons, the store pays $3
The store marks up the price by 10%.
Now, let the price for the bunch of balloons be x.
Then,
x = $ 3
Now, 10% of x will be:
= x × 10%
= 3 × 10%
= 3 × 10/100
= 3 × 1/10
= 3/10 = 0.3
Therefore, the new price of the bunch of balloons when the store marks up the price by 10% will be:
x' = $ 3 + $ 0.3 = $ 3.3
Hence, the new price of the balloons is 3.3 dollars.
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