The manufacturing cost of a cell phone was $136. Sellers first marked up the cost by 25 percent. Sales were poor, so sellers decreased the markup to 17 percent. Calculate the old and new selling prices. selling price = original cost + markup value

Question

Semaj Ramirez

Mathematics

17 July, 17:45

The manufacturing cost of a cell phone was $136. Sellers first marked up the cost by 25 percent. Sales were poor, so sellers decreased the markup to 17 percent. Calculate the old and new selling prices. selling price = original cost + markup value

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Answers (1)

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Trevino · Answer 1

Manufacturing cost = $136

sellers added 25% = $ 136 * 25/100 = $34

manufacturers cost + 25% = $136 + $34 = $170.

old selling price = $170

Sellers decreased the markup to 17% (of manufacturing cost) : $136 x 17/100 = $23.12

New selling price = $136 + $23.12 = $153.12

both of these answers show: original cost + markup value