Pregunta
Find the selling price. \( \begin{array}{ll}\text { (37. Cost to store: } \$ 50 & \text { 18. Cost to store: } \$ 80 \\ \text { Markup: } 10 \% & \text { Markup: } 60 \%\end{array} \)
Ask by Murphy Lynch. in the United States
Feb 28,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
Responder
The selling price for the first item is $55 and for the second item is $128.
Solución
To find the selling price, add the markup (a percentage of the cost) to the cost price.
For the first item:
• Cost = $50
• Markup = 10%
• Markup amount = 10% of $50 = 0.10 × $50 = $5
• Selling Price = Cost + Markup = $50 + $5 = $55
For the second item:
• Cost = $80
• Markup = 60%
• Markup amount = 60% of $80 = 0.60 × $80 = $48
• Selling Price = Cost + Markup = $80 + $48 = $128
Thus, the selling prices are $55 for the first item and $128 for the second item.
Respondido por UpStudy AI y revisado por un tutor profesional
Como
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Extra Insights
To find the selling price for the given costs and markups, we first need to calculate the selling price using the markup formula. For the first item with a cost of \$50 and a markup of 10%: Selling Price = Cost + (Cost × Markup) Selling Price = \$50 + (\$50 × 0.10) = \$50 + \$5 = \$55. For the second item with a cost of \$80 and a markup of 60%: Selling Price = \$80 + (\$80 × 0.60) = \$80 + \$48 = \$128. So, the selling prices are \$55 and \$128 respectively.
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