Question

2. A certain TV can be purchased from the manufacturer for $160. A certain online retailer has a standard markup of 30%, and a certain superstore has a standard markup of 40%. (a) What is the price of the TV when purchased 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?

Answer 1

a) The price online of the TV is 208$

And in the superstore, it is 224$

b) The difference between the prices is $16.

208 - 224 = 16

The market difference is related as follows:

When the markup increases by 10% (from 30% to 40%), the price of the TV increases by $16.

Answer 2

100+30=130
100+40=140

online price is 130% or original
superstore price is 140% or original
the difference bewteen them is 140-130=10% of the original price

A. 1.3 times 160=208=online
1.4 times 160=224=superstore

B. difference is 224-208=16=10% of 160
it is 10% of the original price




A. online=$208
superstore=$224

B. $16, this is 10% of the original price