Question

Put the following items in order from most expensive to least expensive. Item Base Price Change Direction Toaster $23. 35 36% Markup DVD $20. 36 66% Markup Headphones $69. 09 56% Markdown Jeans $55. 08 41% Markdown a. Headphones, jeans. Toaster, DVD b. Headphones, DVD, toaster, jeans c. DVD, toaster, headphones, jeans d. DVD, jeans, toaster, headphones.

Answer 1

The items arranged from most expensive to least expensive is  DVD, jeans, toaster, headphones.

A mark up increases the price of an item while a mark down reduces the price of an item.

Price after a mark up = (1 + mark up) x base price

Price after a mark down = (1 - mark down) x base price

Price of the toaster after the mark up: (1.36 x $23.35 = $31.76

Price of the DVD after the mark up: 1.66 x $20.36 = $33.80

Price of the head phones after the mark down: (0.44 x $69.09 = $30.40

Price of the jeans after the mark down: 0.59 x $55 = $32.45

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