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You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 PowerShooter 1800 $199.99 CyberShooter 2400 (a) If the PowerShooter 1800 is marked up by $69.50, what is the cost (in $) and what is the percent markup based on cost? cost $ percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $75.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup 24 percent markup based on cost % (c) Which camera is more "profitable" to the store? Why? O The CyberShooter 2400 is more profitable to the store because it has a higher percent markup. The CyberShooter 2400 is more profitable to the store because it has a lower percent markup. The PowerShooter 1800 is more profitable to the store because it has a higher percent markup. The PowerShooter 1800 is more profitable to the store because it has a lower percent markup. (d) What other factors should be considered in determining profitability?

You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 PowerShooter 1800 $199.99 CyberShooter 2400 (a) If the PowerShooter 1800 is marked up by $69.50, what is the cost (in $) and what is the percent markup based on cost? cost $ percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $75.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup 24 percent markup based on cost % (c) Which camera is more "profitable" to the store? Why? O The CyberShooter 2400 is more profitable to the store because it has a higher percent markup. The CyberShooter 2400 is more profitable to the store because it has a lower percent markup. The PowerShooter 1800 is more profitable to the store because it has a higher percent markup. The PowerShooter 1800 is more profitable to the store because it has a lower percent markup. (d) What other factors should be considered in determining profitability?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.5: Percent Of Change
Problem 14E
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You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 PowerShooter 1800 $199.99 CyberShooter 2400 (a) If the PowerShooter 1800 is marked up by $69.50, what is the cost (in $) and what is the percent markup based on cost? cost 2$ percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $75.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup 2$ percent markup based on cost % (c) Which camera is more "profitable" to the store? Why? O The CyberShooter 2400 is more profitable to the store because it has a higher percent markup. O The CyberShooter 2400 is more profitable to the store because it has a lower percent markup. O The PowerShooter 1800 is more profitable to the store because it has a higher percent markup. The PowerShooter 1800 is more profitable to the store because it has a lower percent markup. (d) What other factors should be considered in determining profitability?
Transcribed Image Text:You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 PowerShooter 1800 $199.99 CyberShooter 2400 (a) If the PowerShooter 1800 is marked up by $69.50, what is the cost (in $) and what is the percent markup based on cost? cost 2$ percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $75.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup 2$ percent markup based on cost % (c) Which camera is more "profitable" to the store? Why? O The CyberShooter 2400 is more profitable to the store because it has a higher percent markup. O The CyberShooter 2400 is more profitable to the store because it has a lower percent markup. O The PowerShooter 1800 is more profitable to the store because it has a higher percent markup. The PowerShooter 1800 is more profitable to the store because it has a lower percent markup. (d) What other factors should be considered in determining profitability?
Expert Solution
Step 1

We have to use the following formulas, Markup price = Final price - Cost

Percent markup based on cost = markup pricecost× 100

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