Mathematics, 25.12.2019 14:31 matt2167

Acertain tv can be purchased from the manufacturer for $160. a certain online retailer has a standard markup of 30%, and a certain superstore has a standard markup of 40%.

(a) what is the price of the tv when purchased online? what is the price of the tv when purchased at the superstore?
(b) what is the difference between the prices in part (a)? how does this relate to the difference in the markup?

Answers: 2

Show answers

Answers

Answer from: dounutalien

(a)

The price of the TV purchased online is $208

The price of the TV purchased at the superstore is $224

Explanation

To solve this, we are going to use the markup formula solved for price:

Price=markup*cost+cost

where

markup is expressed in decimal form

- For the online retailer:

We know that the the TV can be purchased from the manufacturer for $160, so cost=160 . We also know that its markup is 30%; to express the markup as a decimal, we just need to divide it by 100%, so $markup=\frac{30}{100} =0.3$ . Now we can replace the values in our formula to find the price of the TV at the online retailer:

Price=markup*cost+cost

Price=0.3*160+160

Price=48+160

Price=208

The price of the TV purchased online is $208

- For the superstore:

The cost is the same, so cost=160 . The markup this time is 40%, so $markup=\frac{40}{100}=0.4$ . Let's replace the values to find the price:

Price=0.4*160+160

Price=64+160

Price=224

The price of the TV purchased at the superstore is $224

(b)

Answer

The difference between the prices is $16

The difference relates to the markup in two ways:

- When the markup increases 10% (from 30% to 40%), the price of the TV increases by $16.

- When the markup increases 10% (from 30% to 40%), the price of the TV increases 7.7%.

Explanation

To find the difference of our prices, we just need to subtract the price of the TV purchased at the superstore from the price of the TV purchased online:

$224 - $208 = $16

Now, to find how much the cost increased when the markup increases from 30% to 40%, we are going to divide the result of the difference of the two prices by the price of the TV at the online retailer, and then multiply by 100%:

$\frac{16}{208} *100=7.69$

Which rounds to 7.7%

We can conclude that when the markup increases 10% (from 30% to 40%), the price of the TV increases 7.7%.

We can also conclude that when the markup increases 10% (from 30% to 40%), the price of the TV increases by $16.

Answer from: Quest

1.3

step-by-step explanation:

3x2=6 9x+6

bring down the 6 on both sides

6+6=12

12= 9x

divide by 9

12/9 =

1.3 =x

Answer from: Quest

on a coordinate grid, point a is at (−4.0, −2.4) and point b is at (4.0, −2.4). point b is a reflection of point a across the –axis. input either a lowercase x or i think is the right awnser

step-by-step explanation:

Another question on Mathematics

Mathematics, 21.06.2019 14:00

Tiara buys the pizza shown below: a circular pizza is shown. the edge of one slice is marked ab. what does the curve ab represent?

Answers: 1

Answer

Mathematics, 21.06.2019 15:30

Which conjunction is disjunction is equivalent to the given absolute value inequality? |x+2|< 18

Answers: 1

Answer

Mathematics, 21.06.2019 16:30

Mexico city, mexico, is the world's second largest metropolis and is also one of its fastest-growing cities with a projected growth rate of 3.2% per year. its population in 1991 was 20,899,000 people. use the formula p = 20.899e0.032t to predict its population p in millions with t equal to the number of years after 1991. what is the predicted population to the nearest thousand of mexico city for the year 2010?

Answers: 2

Answer

Mathematics, 21.06.2019 16:30

Asequence {an} is defined recursively, with a1 = 1, a2 = 2 and, for n > 2, an = an-1 an-2 . find the term a241

Answers: 2

Answer

You know the right answer?

Acertain tv can be purchased from the manufacturer for $160. a certain online retailer has a standar...

Questions

Mathematics, 23.12.2019 05:31

Iknow its kind of hard to see, .. due !...