Question

The manufacturing cost of a cell phone was $146. Sellers first marked up 1

the cost by 20 percent. Sales were poor, so sellers decreased the markup to
15 percent. Calculate the old and new selling prices?.
selling price = original cost + markup
Old Selling Price: $185.80 New Selling Price: $177.90
Old Selling Price: $175.20 New Selling Price: $167.90
Old Selling Price: $235.90 New Selling Price: $189.80

Answer 1

Old 175.20, New 167.90

Explanation:

Manufacturing cost: $146

Old Price $146 + 20% markup = $175.20

New Price $146 + 15% markup = $167.90