Nissan Appliances bought three dozen camcorders at a cost of $5,040. The markup on the camcorders is 30% of the selling price. What was the original selling price of each camcorder?
Take the price 5,040 and divide by the compliment of the markup.
$5,040/70% (or .70)=$7,200
Now divide the total ($7,200) by the three dozen (36)
$7,200/36=$200
Each camcorders original selling price was $200!
Hope this helps! :)
To find the original selling price of each camcorder, we need to first calculate the cost of each camcorder for Nissan Appliances.
Nissan Appliances bought three dozen camcorders, which is equal to 3 * 12 = 36 camcorders.
The total cost of the camcorders is $5,040.
To find the cost of each camcorder, we divide the total cost by the number of camcorders: $5,040 / 36 = $140.
Now, let's calculate the selling price of each camcorder by adding the markup.
The markup on the camcorders is 30% of the selling price. Let's assume the original selling price of each camcorder is x.
Markup = 30% * x = 0.3x
The selling price of each camcorder can be calculated by adding the markup to the cost:
Selling price = Cost + Markup
Selling price = $140 + 0.3x
Since the total cost of purchasing the camcorders is $5,040, we can set up the equation:
36 * (Cost + Markup) = $5,040
Substituting the values:
36 * (140 + 0.3x) = $5,040
Simplifying the equation:
5,040 = 36 * 140 + 36 * 0.3x
5,040 = 5,040 + 10.8x
10.8x = 0
Dividing both sides by 10.8:
x = 0
There seems to be a discrepancy in the calculations. Please double-check the given information or provide additional details if available.
Two forces of 60N and 80N
5040 + .30p = p
p = 5040/.7 = $7200
3 dozens = 36
Markup is 30% of selling price
Original selling price of each camcorder?
100% + 30% = 130%
Change 130% into a decimal, then multiply by 5040
5040 x 1.30 = 6552
Now divide 6552 by 36
6552/36 = 182
Each camcorder cost $182.00