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stiks02 [169]
3 years ago
10

Question 1 4 pts The gift buyer purchased a group of brass items which consisted of 100 paperweights at $8 each; 150 candlestick

s at $14 each; 150 ashtrays at $12 each; and 100 bowls at $10.50 each. She plans to sell all the brass items at the same price. What unit retail price will result in a 52% markup (Show two decimal places)?
Mathematics
1 answer:
Masja [62]3 years ago
7 0

Answer: The unit price after mark up is $17.48.

Step-by-step explanation:

Since we have given that

Number of paperweights = 100

Cost of each paperweight = $8

Number of candlesticks = 150

Cost of each candlestick = $14

Number of ashtrays = 150

Cost of each ashtray = $12

Number of bowls = 100

Cost of each bowl = $10.50

So, Total amount would be

100\times 8+150\times 14+150\times 12+100\times 10.50\\\\=800+2100+1800+1050\\\\=\$5750

If it is mark up 52%.

So, the new price would be

\dfrac{100+52}{100}\times 5750\\\\=\dfrac{152}{100}\times 5750\\\\=\$8740

total units = 100+150+150+100=500

So, the unit price after markup would be

\dfrac{8740}{500}=\$17.48

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