Question

šThe 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%

Answer 1

I'll compute the selling price for each item (selling price = wholesale + markup). Markup% converted to decimal (e.g., 63.5% = 0.635).

1) Video Game
- Wholesale = $35.00; markup = 63.5% = 0.635
- Markup amount = 35.00 × 0.635 = 22.225
- Selling 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
- Selling price = 15.00 + 30.00 = $45.00

3) iPhone
- Wholesale = $61.18; markup = 102.6% = 1.026
- Markup amount = 61.18 × 1.026 = 62.77068
- Selling 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
- Selling 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
- Selling 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
- Selling price = 35.43 + 34.79226 = 70.22226 → $70.22

If you want, tell me which item(s) you actually want to "buy" and I’ll add them up for a total. (If you bought all six, the total would be $349.94.)