Question

Target buys goods at whole sale price. Before the items go on the shelves to

be sold they have a 7% mark up added to them. Once the items are place on
the shelves they are ready to be sold. You have a coupon that allows you to
get 25% off on any item. You decide to purchase a new Ipad pro that cost
$1099.
How much is Target selling the IPad Pro for?

Answer 1

Target is selling the iPad Pro for $1,175.93.

Step-by-step explanation:

Multiply $1099 by the perecntage. (Shift decimal 2 places to the left)

1099 × .07 = 76.93

Add 76.93 to 1,099.

1,175.93

Answer 2

The retail price of the iPad Pro at Target, after adding a 7% mark-up to the wholesale price of $1099, is $1175.93 before any discounts or coupons.

Step-by-step explanation:

To calculate how much Target is selling the iPad Pro for, we first have to include the 7% mark-up on the wholesale price. Assuming that the $1099 is the wholesale price, we firstly convert 7% into decimal which is 0.07, and then multiply it by $1099 to find the mark-up value.

Mark-up = 0.07 × $1099 = $76.93

Now, we add the mark-up to the original wholesale price to find the retail price:

Retail price = $1099 + $76.93 = $1175.93

This is the price at which Target is selling the iPad Pro before any discounts or coupons are applied. Since coupons and additional taxes are not factored into the cost Target is selling the item for, we do not need to include the 25% off coupon in this calculation.