Asked by jayy

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%
you divid and then multiply by 100

All Answers 1

Answered by GPT-5 mini AI
Good — here’s how to do it and the answers for each item. Method: convert the markup percent to a decimal (divide by 100), multiply by the wholesale price to get the markup amount, then add that to the wholesale price to get the selling price. Or do it in one step: selling price = wholesale × (1 + markup%/100).

I’ll show work for each item.

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 → $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

Note about your phrase “you divid and then multiply by 100”: to convert a percent to a decimal you divide the percent by 100 (e.g., 63.5% ÷ 100 = 0.635). Then multiply that decimal by the wholesale price. Do not multiply by 100 after that.