Question

A TV can be purchased from the manufacturer for $250. An online retailer has a markup of 30%, and a superstore has a standard markup of 40%.

(a) What is the price of the TV when purchased online?

(b) What is the price of the TV when purchased at the superstore?

(c) Which has the better deal – the online retailer or the superstore?

Answer 1

(a) 325

(b) 350

(c) The online retailer has a better deal.

Explanation:

250 * 130% = 325

25- * 140% = 350

325 is less than 350, so its the better deal.