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

A: old price was $170, new price is $164.90
B: old price was $150.12, new price is $117
C: old price was $170, new price is $159.12

Question

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


A: old price was $170, new price is $164.90
B: old price was $150.12, new price is $117
C: old price was $170, new price is $159.12

anonymous · Answer

i know it is A or C.... just confused a lil bit.

anonymous · Answer

Hey.

anonymous · Answer

The best way to do this kind of question is to find out what 1% of $136 is; to do that you need to divide that by 100. What do you get?

anonymous · Answer

1.36

omnomnom · Answer

Hm... i think its b. but i could be wrong so listen to nabizag he's gonna tell you step by step

anonymous · Answer

Good work! So now you know what 1% is, to find out what 25% is you multiply 1.36 by 25.

anonymous · Answer

this kind of question is hard to me but i never watched or showed any care abt school work so i dont get it so make sure you pay attention in school.

omnomnom · Answer

Lol okay im also listening to nabizag

anonymous · Answer

34?

omnomnom · Answer

ooh i know what to do now... you add 34 with the original amount which is 136 what would you get?

anonymous · Answer

yeah me too. lol. great teacher..... lol.

anonymous · Answer

brilliant! So the mark up based on 25% is %34, so now you need to add that to $136

anonymous · Answer

170

omnomnom · Answer

yes :D

anonymous · Answer

yayyyy.(:

anonymous · Answer

sorry not %34, thats meant to say $34

anonymous · Answer

Thats it, $170 is right. Now we need to find out what it would be with a 17% mark up. How do you reckon you would do that?

omnomnom · Answer

lol what do we do with the second?
do we do the same thing except subtract?

anonymous · Answer

Nope, you do exactly the same as before but instead of multiplying by 34 we need to multiply by 17.

anonymous · Answer

dang your freakin smart... i couldnt figure it out alone.

omnomnom · Answer

Lol

anonymous · Answer

23.12 right.?

anonymous · Answer

lol cheers.

omnomnom · Answer

ooooh but if we add we get 159 so i was right?

anonymous · Answer

now im confused.

anonymous · Answer

Thats it!! Good work.

omnomnom · Answer

Lol so was i but i now get it

anonymous · Answer

SURPRISE... lol. i suck at math.

omnomnom · Answer

we have to add 23 to 136 to get the new amount

anonymous · Answer

23.12 added to 136. lol. forgot the 12 cents.

omnomnom · Answer

Well :P

anonymous · Answer

but yes that would be 159.12

omnomnom · Answer

so the answer would be C

anonymous · Answer

so it is c.... i was good about narrowing it down to two though.

anonymous · Answer

Thats exactly right! See you can do it!

anonymous · Answer

not by myself though. lol. where are you guys from.?

omnomnom · Answer

:D britney i am asian but not chinese

anonymous · Answer

lol. i'm from Tennessee. . . Sevierville. explains why i dont get pellet.

anonymous · Answer

Im from London.

omnomnom · Answer

OMG NABIZAG !!! I LOVE YOU NOW AND YOU TTOOOO BRITNEY

anonymous · Answer

Haha

omnomnom · Answer

xD well i am a sucker for accents

anonymous · Answer

lol i love you too...... i have a very country accent but can play out alot of other ones as well..(: