Question

A certain TV can be purchased from the manufacture for $150. A certain online trailer has a standard markup of 30%, A certain superstore has a standard markup of 40%.
(A) what is the price of the tv when purchase 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?

Show your work?

Answer 1

Answer:

Both parts are solved below:

Step-by-step explanation:

Given that:

Purchase price = 150

Part (A)

As the online trailer marks up 30% so the price would be:

= 150 + 30% of 150

=150 + 0.3(150)

= 150 + 45

Price online= $195

As the superstore marks up the price by 40% so the price would be:

= 150 + 40% of 150

=150 + 0.4(150)

= 150 + 60

Price at superstore = $210

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Part(B)

Difference = price at superstore - price online

difference = 210 - 195

difference = $15

Difference in markup = 40% - 30% = 10%

So 10% difference leads to the difference of $15 in price.

i hope it will help you!