Question

Natalia bought a dishwasher with a sticker price of $1100. If she paid $15 a

week for two years, what was the approximate markup rate on the
dishwasher?

Answer 1

41 8%

Explanation:

Answer 2

the approximate markup rate on the dishwasher is $460

Explanation:

The sticker price on dishwasher = $1100

The amount paid by Natalia for two years = $15 per week

Now, 1 year ≈ 52 weeks

So, amount paid by her in 1 year = $ 15 x 52 weeks

= $780

⇒The amount paid in 2 years = 2 x $ 780 = $1,560

Now, the Marked up rate of the dishwasher = Selling Price - Cost

= $1,560 - $1100 = $460

Hence, the approximate markup rate on the dishwasher is $460.