Question

A certain TV can be purchased from the manufacture for $150. A certain online trailer has a standard markup of 30%, A certain superstore has a standard markup of 40%.

(A) what is the price of the tv when purchase online? What is the price of the TV when purchased at the superstore?

(B) what is the difference between the prices in part (a)? How does this relate to the difference in the markup?

Show your work?

Answer 1

The price of the TV when purchased online is $195 and at the superstore is $210. The difference in price is $15. The difference in markup is 10%.

Step-by-step explanation:

(A) To calculate the price of the TV when purchased online, we need to apply a 30% markup to the manufacturer's price of $150. The markup is calculated by multiplying the price by 30% (or 0.30) and then adding that amount to the price:

Markup = $150 x 0.30 = $45

Price when purchased online = Manufacturer's price + Markup = $150 + $45 = $195

To calculate the price of the TV when purchased at the superstore, we need to apply a 40% markup to the manufacturer's price. Following the same steps as above, the price can be calculated as:

Markup = $150 x 0.40 = $60

Price when purchased at the superstore = Manufacturer's price + Markup = $150 + $60 = $210

(B) The difference between the prices in part (A) can be calculated by subtracting the price when purchased online from the price when purchased at the superstore:

Difference = Price at the superstore - Price online = $210 - $195 = $15

The difference in the markup can be calculated by subtracting the markup percentage of the online trailer from the markup percentage of the superstore:

Difference in Markup = Markup at the superstore - Markup online = 40% - 30% = 10%

The difference in the prices in part (A) ($15) is not directly related to the difference in the markup (10%) as they represent different values and calculations.

Answer 2

Both parts are solved below:

Step-by-step explanation:

Given that:

Purchase price = 150

Part (A)

As the online trailer marks up 30% so the price would be:

= 150 + 30% of 150

=150 + 0.3(150)

= 150 + 45

Price online= $195

As the superstore marks up the price by 40% so the price would be:

= 150 + 40% of 150

=150 + 0.4(150)

= 150 + 60

Price at superstore = $210

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Part(B)

Difference = price at superstore - price online

difference = 210 - 195

difference = $15

Difference in markup = 40% - 30% = 10%

So 10% difference leads to the difference of $15 in price.

i hope it will help you!