Question

A certain manufacturer sells a television for $170. One online retailer has a standard markup of 27% and charges an additional 15% to its customers for shipping and tax. A nearby superstore has a standard markup of 34% and charges state tax at 9.5%.
(a) What is the price of the TV when purchased online?

(b) What is the price of the TV when purchased at the superstore?

(c) At which location would you buy the TV and why?
Please help its due today

Answer 1

Answer:

(a) $248.285

(b) $249.441

(c) I will prefer to buy the television from online store.

Step-by-step explanation:

The manufacturing price of a television is $170.

(a) The online retailer charges a standard makeup of 27% and an additional 15% charge for shipping and tax.

Therefore the final price will be $$[170(1+\frac{27}{100})](1+\frac{15}{100} )$

= $(170 × 1.27 × 1.15)

= $248.285

(b) Now, the superstore has makeup of 34% and then 9.5% charges for state tax.

So, the final price becomes $$[170(1+\frac{34}{100} )](1+\frac{9.5}{100})$

= $(170 × 1.34 × 1.095)

= $249.441

(c) So, I will prefer to buy the television from the online store because the final price is less and also the shipping charges are included in the final price. (Answer)