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
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25% of the manufacturing cost is $34
17% of the manufacturing cost is $23.12
you take original price times xx % / 100 to get the markup corresponding to the %
this is the choices tho 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
you have to ADD the mark up to the MANUFACTURING COST.
so, adding the numbers above with $136, I believe it is C