An Apple Computer Center sells computers for $1,192.80. Assuming the computers cost $10,080 per dozen.
a. Find the dollar markup for each computer. (Round your answer to the nearest cent.)
Dollar markup $
b.
Find the percent markup on cost for each computer.
Percent markup %
c.
Find the percent markup on selling price for each computer. (Round your answer to the nearest hundredth percent.)
Percent markup %
a. 1192.80 - 10,080/12 = 1192.80 - 840 = $352.80.
b. M = 352.80/840 = 0.42 = 42%.
a. The dollar markup for each computer is the difference between the selling price and the cost per computer.
Selling price per computer: $1,192.80
Cost per computer: $10,080 / 12 = $840
Dollar markup per computer: $1,192.80 - $840 = $352.80
b. The percent markup on cost for each computer is the dollar markup divided by the cost per computer, multiplied by 100.
Percent markup on cost: ($352.80 / $840) * 100 = 41.9%
c. The percent markup on selling price for each computer is the dollar markup divided by the selling price per computer, multiplied by 100.
Percent markup on selling price: ($352.80 / $1,192.80) * 100 = 29.59%
To find the dollar markup for each computer, we need to subtract the cost from the selling price.
Given:
Selling price = $1,192.80
Cost per dozen = $10,080
a. The cost per computer can be found by dividing the cost per dozen by 12:
Cost per computer = $10,080 / 12 = $840
Now, let's find the dollar markup:
Dollar markup = Selling price - Cost per computer
Dollar markup = $1,192.80 - $840 = $352.80
Therefore, the dollar markup for each computer is $352.80.
b. To find the percent markup on cost for each computer, we can use the formula:
Percent markup on cost = (Dollar markup / Cost per computer) x 100
Percent markup on cost = ($352.80 / $840) x 100
Using a calculator, we find that the percent markup on cost is approximately 41.9%.
c. To find the percent markup on selling price for each computer, we can use the formula:
Percent markup on selling price = (Dollar markup / Selling price) x 100
Percent markup on selling price = ($352.80 / $1,192.80) x 100
Using a calculator, we find that the percent markup on selling price is approximately 29.6%.
To find the dollar markup for each computer, you need to subtract the cost of the computer from the selling price.
a. Dollar markup = Selling price - Cost per computer
Given:
Selling price = $1,192.80
Cost per dozen = $10,080
First, we need to find the cost per computer:
Cost per computer = Cost per dozen / Number of computers per dozen
= $10,080 / 12
= $840
Now we can calculate the dollar markup:
Dollar markup = $1,192.80 - $840
= $352.80
So, the dollar markup for each computer is $352.80.
b. To find the percent markup on cost for each computer, you need to divide the dollar markup by the cost per computer and multiply by 100.
Percent markup on cost = (Dollar markup / Cost per computer) * 100
Percent markup on cost = ($352.80 / $840) * 100
= 41.9% (rounded to the nearest tenth)
Therefore, the percent markup on cost for each computer is 41.9%.
c. To find the percent markup on the selling price for each computer, you need to divide the dollar markup by the selling price and multiply by 100.
Percent markup on selling price = (Dollar markup / Selling price) * 100
Percent markup on selling price = ($352.80 / $1,192.80) * 100
= 29.6% (rounded to the nearest hundredth)
So, the percent markup on selling price for each computer is 29.6%.