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Math How do i get this?
Feb 19, 2010 by Princess | Posted in Mathematics
Mr. Rodriguez sells holiday greeting cards in his gift shop. Before the holidays, he sells the cards at 200% markup on the price he paid to his supplier. After the holidays,he discounts the cards 55%. What is the post-holiday price of two cards he originally bought from his supplier for 1.25 and 2.50,respectively? PLEASE EXPLAIN THIS PROBLEM AND SHOW OR EXPLAIN HOW YOUR ANSWER WAS CONCEIVED THANKS
if he buys a card for $1.25, then puts a 100% markup on it, then he will be doubling the price of the card:
1.25 + 1.25 (100% markup) = 2.50
BUT he is putting a 200% markup on the card which means:
1.25 + 1.25 + 1.25 = $3.75
post holiday, he will discount the card by 55%, which means he will take 55% of the price of the already marked up card, $3.75, and subtract 55% of 3.75 from the price of the card.
3.75 - (55% of 3.75) =
3.75 - (0.55 x 3.75) =
3.75 - (2.06) =
1.69
since he only paid 1.25 for the card in the first place, he still isnt losing any money by discounting it.
he's still making .44 on each card.
the second card, which cost him 2.50, he will sell for 7.50. it will have a discount of 4.13 (55% of 7.50) and will sell post holiday for 3.37, which is still .87 more than what he paid for it!
makes you think twice before buying store bought cards. make cards of your own---theyre cheaper and people appreciate the time and effort you put into it so much more!!!
tom n | Feb 19, 2010
200% minus 55% of %1.25 and $2.50 (Question Below)?
Apr 27, 2010 by Sara | Posted in Mathematics
Mr. Rodriguez sells holiday greeting cards in his gift shop. Before the hilidays, he sells the cards at a 200% markup on the price he paid to his supplier. After the holidays, he discounts the cards 55%. What is the post-holiday price of two cards he originally bought from his supplier for $1.25 and $2.50, respectively?
I assume 200% markup means that he tripled the price, or increased it by 200% from 100%, ending at a total of 300%. At $1.25 being normal, 300% is $3.75. $3.75 discounted by 55% means that the final price is 45% (or 100-55) of $3.75, or 1.6875, about $1.69
Now just replace all of the $1.25 with $2.50 and do the same thing.
Derp | Apr 27, 2010
i dont get how to do thesee can someone explainn..? I needd detailss.?
Nov 13, 2009 by Miss.Cecy | Posted in Mathematics
20. A bookstore buys Algebra 1 books at a wholesale price of $16 each. It then marks up the price by 83%, and sells the Algebra 1 books. What is the amount of the markup? What is the selling price?
A. The amount of the markup is $29.28, and the selling price is $13.28.
B. The amount of the markup is $13.28, and the selling price is $29.28.
C. The amount of the markup is $13.28, and the selling price is $2.72.
D. The amount of the markup is $83, and the selling price is $99.00.
21. Mr. Chang sells holiday greeting cards in his gift shop. Before the holidays, he sells the cards at a 150% markup on the price he paid his supplier. After the holidays, he discounts the cards 40%. What is the post-holiday price of two cards he originally bought from his supplier for $1.50 and $2.75, respectively?
A. $1.35; $2.48
B. $0.90; $1.65
C. $2.25; $4.13
D. $1.50; $2.75
. What percent of 48 is 7? If necessary, round your answer to the nearest tenth of a percent.
A. 14.58%
B. 685.71%
C. 85.42%
D. 0.15%
10. What percent of 38 is 126? If necessary, round your answer to the nearest tenth of a percent.
A. 331.58%
B. 3.32%
C. 231.58%
D. 30.16%
11. A compound is made up of various elements totaling 80 ounces. If the total amount of lead in the compound weighs 15 ounces, what percent of the compound is made up of lead? If necessary, round your answer to the nearest hundredth of a percent.
A. 81.25%
B. 18.75%
C. 5.33%
D. 0.19%
12. 66 is 56% of what number? If necessary, round your answer to the nearest hundredth.
A. 0.85
B. 117.86
C. 1.18
D. 36.96
13. According to the United States Census Bureau, the United States population was projected to be 293,655,404 people on July 1, 2004. The two most populous states were California, with a population of 35,893,799, and Texas, with a population of 22,490,022. About what percent of the United States population lived in California or Texas? Round your answer to the nearest percent.
A. 8%
B. 12%
C. 20%
D. 37%
14. Miguel works part time as a salesperson for an electronics store. He earns $6.75 per hour plus a percent commission on all of his sales. Last week Miguel worked 20 hours and earned a gross income of $388.00. Find Miguel’s percent commission if his total sales for the week were $4,400. If necessary, round your answer to the nearest hundredth of a percent.
A. 0.06%
B. 1.03%
C. 7%
D. 5.75%
15. After 10 months the simple interest earned annually on an investment of $3000 was $584. Find the interest rate to the nearest tenth of a percent.
A. 21.4%
B. 23.4%
C. 0.2 %
D. 0.234%
16. Hidemi is a waiter. He waits on a table of 4 whose bill comes to $69.98. If Hidemi receives a 20% tip, approximately how much will he receive?
A. $14.00
B. $84.00
C. $13.55
D. $3.50
17. Ramon is a waiter. He waits on a table of 4 whose bill comes to $50.33. If Ramon receives a 20% tip, approximately how much will he receive?
A. $9.55
B. $10.00
C. $2.50
D. $60.00
18. Find the percent change from 24 to 72. Tell whether it is a percent increase or decrease. If necessary, round your answer to the nearest percent.
A. 67% decrease
B. 200% decrease
C. 67% increase
D. 200% increase
I'll answer 2 questions for you:
20.
16*0.83=13.28 markup
16*1.83=29.28 total price
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