Question

A certain retailer increases wholesale prices by 52%. If this retailer offers a 25% discount off the ticket price, what percent profit will the retailer realize? The realized profit is the amount of money remaining after paying off the wholesale prices. In this case, should be expressed as a percent of the wholesale price. The following questions are to help you better understand the final solution. Let's assume the wholesale price for our item is $1000. (What is the ticket price (the price including the mark-up)?

Answer 1

The ticket price (the price including the mark-up) can be calculated by adding the mark-up amount to the wholesale price. In this case, the ticket price is $1520.

Step-by-step explanation:

To find the ticket price (the price including the mark-up), we can use the formula:

Ticket Price = Wholesale Price + Mark-up

Given that the wholesale price is $1000 and the retailer increases it by 52%, we can calculate the mark-up as follows:

1. Calculate the mark-up amount: Mark-up Amount = Wholesale Price x Mark-up %
2. Add the mark-up amount to the wholesale price: Ticket Price = Wholesale Price + Mark-up Amount

Using the given values, we get:

1. Mark-up Amount = $1000 x 52% = $520
2. Ticket Price = $1000 + $520 = $1520

Therefore, the ticket price (the price including the mark-up) is $1520.