Question

The new Apple Airpod cases are on sale for 25% off. They usually cost about $20. The Manufacturer makes the cases for $12. What is the percent markup? What is the cost of the Airpods after the discount? If I also receive an employee discount, what is the cost of the Airpods after both discounts? How much is my employee discount?

Answer 1

Markup is 66.67%, the discounted price after 25% off is $15, but the additional employee discount cannot be calculated without the discount percentage.

Step-by-step explanation:

The question involves calculating percent markup, the discounted price, and the price after an additional employee discount.

Percent Markup Calculation

To calculate the percent markup, you subtract the cost to manufacture from the selling price and then divide by the cost to manufacture. Finally, multiply by 100 to get a percentage.

Percent Markup = ((Selling Price - Cost to Manufacture) / Cost to Manufacture) * 100

Percent Markup = (($20 - $12) / $12) * 100 = (8 / 12) * 100 = 66.67%

Discounted Price Calculation

The discount is 25% off of the $20 selling price, so:

Discounted Price = Selling Price - (Selling Price * Discount Percentage)

Discounted Price = $20 - ($20 * 0.25) = $20 - $5 = $15

Price After Employee Discount

If you also have an employee discount, you would apply it to the discounted price. However, the employee discount percentage is not provided in the question, so we cannot calculate the final price without it.