A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 3 years ago
A warehouse club allows non members to shop, but charges them a 10% mark up on all items purchased. If a computer costs $549.99 for members, what is the non member price?
anonymous
 3 years ago
A warehouse club allows non members to shop, but charges them a 10% mark up on all items purchased. If a computer costs $549.99 for members, what is the non member price?

This Question is Closed

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Ok, I'd start by changing 549.99 to 550$ A tad easier that way

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Ok, so the problem states that 550$ is the normal price, for members. If nonmembers are charged 10% more, that means they pay 110% total. Do you understand why?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Alright, let me try a different tactic then...

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0First, multiply the member price, 550$ by 10%

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.010% is not the same as 10

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Drop one more zero. 55

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0How would I get that on a calculator?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Do you have a percent button? If not, you can also use .10 for 10%

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0No. I will try using the decimal. I got 55

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Ok, excellent! 55 is 10% of 550. So, if you add 55 to the original price of 550, you get the 10% markup, your final answer. Try that, I'll be back in a minute

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Pure awesomeness! The next question was should a member join the club prior to purchasing the computer if the fee is $40. I said yes.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Do you understand why .10 is equal to 10%?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0To cover his expenses, Denny marks the price of each item 30% more than his purchase price. What does Denny charge for items that cost him $1.04, $7.23, $9.99 and $42.77?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Ok, before I give you a hint, try to get the first. 1.04$

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Each item is marked up 30%, so there are four answers here

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Remember on the last problem, you multiplied the original price by .1, for 30%, what would you use?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0$3.33 is that the answer?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Hmm, let me see if I can teach you a short way to do this. So you remember in the last problem, you used .10 for 10%?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0You need to use 30% in this, so what decimal would you use?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Good. Now he's a little trick. 50% is .50, 85% is .85, and 100% is actually 1

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0If you add your markup decimal (.30) to 1, you get 1.3 Right?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Where did the one come from?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Because the original price is 100% of itself, it's a bit complicated. Point is, if you take that 1.3 and multiply it by each of those prices, you get the correct answer

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0$1.04, $7.23, $9.99 and $42.77 Multiply each by 1.3 on your calculator

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.01.34 9.40 12.99 55.60

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Now let me go back and show you something

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0A warehouse club allows non members to shop, but charges them a 10% mark up on all items purchased. If a computer costs $549.99 for members, what is the non member price?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0You have a 10% Markup here, so take that .10, and add it to 1, like we did just now

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Right, now multiply that by 550. Seem familiar? :)

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0When Denny has a sale he marks the price 15% more than his purchase price. What is the price of each the above items?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Yep, that trick works for every price mark up problem!

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Wait! Please help me with the first one.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Sure, what do you need? Although I need to go kinda soon

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Ok I just need help with like the first two of this problem.When Denny has a sale he marks the price 15% more than his purchase price. What is the price of each the above items?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Same prices as before? $1.04, $7.23, $9.99 and $42.77?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Ok, same trick as before 15% = .15 .15+1=1.15 1.15 x 1.04$ = 1.19 $ 1.15 x 7.23$ = 8.31$ 1.15 x 9.99$ = 11.49$ 1.15 x 42.77$ = 49.19$

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0You have helped me so much! Thank you so much!

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0You are very welcome. Good luck with your studies!
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.