Question

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

Answer 1

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

If it is mark up 52%.

So, the new price would be

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

So, the unit price after markup would be

Answer:

Explanation:

Answer 2

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

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

If it is mark up 52%.

So, the new price would be

`(100+52)/(100)* 5750\\\\=(152)/(100)* 5750\\\\=\$8740`

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

So, the unit price after markup would be

`(8740)/(500)=\$17.48`