Question

The hypothetical wholesale prices and markup amounts of the items below are shown.

Choose any item(s) you would like to purchase, and determine how much you will pay for the item(s). Show your work on your Handout



Video Game



Wholesale Price: $35.00



Markup: 63.5%

DVD



Wholesale Price: $15.00



Markup: 200%



iPhone



Wholesale Price: $61.18



Markup: 102.6%



Headphones



Wholesale Price: $4.36



Markup: 68.5%

Video Game Controller



Wholesale Price: $22.50



Markup: 105.3%



Blender



Wholesale Price: $35.43



Markup: 98.2%





Grading Rubric for Part 2



5 Points 3 Points 1 Point

All Parts Are Complete Most Parts Are Complete Most Parts Are Incomplete

All Parts Are Correct Most Parts Are Correct Most Parts Are Incorrect

All Work is Shown Some Work is Shown No Work is Shown =0 points

Answer 1

I chose all the items. For each: markup amount = wholesale × markup rate; selling price = wholesale + markup amount (I round final prices to the nearest cent).

1) Video Game
- Wholesale = $35.00, markup = 63.5% = 0.635
- Markup amount = 35.00 × 0.635 = 22.225
- Price = 35.00 + 22.225 = 57.225 → $57.23

2) DVD
- Wholesale = $15.00, markup = 200% = 2.00
- Markup amount = 15.00 × 2.00 = 30.00
- Price = 15.00 + 30.00 = 45.00 → $45.00

3) iPhone
- Wholesale = $61.18, markup = 102.6% = 1.026
- Markup amount = 61.18 × 1.026 = 62.77068
- Price = 61.18 + 62.77068 = 123.95068 → $123.95

4) Headphones
- Wholesale = $4.36, markup = 68.5% = 0.685
- Markup amount = 4.36 × 0.685 = 2.9866
- Price = 4.36 + 2.9866 = 7.3466 → $7.35

5) Video Game Controller
- Wholesale = $22.50, markup = 105.3% = 1.053
- Markup amount = 22.50 × 1.053 = 23.6925
- Price = 22.50 + 23.6925 = 46.1925 → $46.19

6) Blender
- Wholesale = $35.43, markup = 98.2% = 0.982
- Markup amount = 35.43 × 0.982 = 34.79226
- Price = 35.43 + 34.79226 = 70.22226 → $70.22

Summary (final prices):
- Video Game: $57.23
- DVD: $45.00
- iPhone: $123.95
- Headphones: $7.35
- Video Game Controller: $46.19
- Blender: $70.22

If you want, tell me which item(s) you actually plan to buy and I can give the total cost.