Answer:
1. Split-leaf philodendron will cost $22.475
2. Consumers will buy the tents at $99.96
Explanation:
1. The split-leaf philodendron costs $13.50 plus $1 to take care of the plant.
the total purchasing cost of the plant is $14.50 ( $13.50 + $1)
If mark-up is at 55%, the selling price will be the cost price plus markp
=$14.50 +( 55% of $14.50)
=$14.50 +(55/100 x $14.50)
=$14.50 + $7.975
=$22.475
Split-leaf philodendron will cost $22.475
2. Manufacturers sell tents at $59.95. wholesalers put a mark-up of 15%.
The wholesaler's price will be?
manufacturers price is 100%, so wholesalers price will be 115%
wholesaler price will be 115% of $59.95
=115/100 x $59.95
=1.15 x $59.95
=$68.94
Wholesalers sell to retailers who put a 45% mark-up for consumers. The retailer's price is equivalent to 100%
Consumers price will be 45% more than retailers, which is 145%
consumers will be 145% of $68.94
=145/100 x $68.94
=1.45 x $68.94
=$99.96
Consumers will buy the tents at $99.96
