Question

What is the final sales price for a laptop which costs $500 to manufacture, if the mark-up percentage is 30 percent?
Responses

$650
$650

$530
$530

$150
$150

$730

Answer 1

To calculate the final sales price of the laptop, you can use the following formula:

\[ \text{Final Sales Price} = \text{Manufacturing Cost} + (\text{Manufacturing Cost} \times \text{Mark-up Percentage}) \]

Given:
- Manufacturing Cost = $500
- Mark-up Percentage = 30% (or 0.30 when expressed as a decimal)

First, calculate the mark-up amount:

\[ \text{Mark-up Amount} = 500 \times 0.30 = 150 \]

Now, add the mark-up amount to the manufacturing cost to get the final sales price:

\[ \text{Final Sales Price} = 500 + 150 = 650 \]

Therefore, the final sales price for the laptop is **$650**.