Question

Neal's family is shopping for a laptop computer. The table shows the selling price of the laptops they are interested in buying. Laptop Model SF2000 is $545 and the SF3000 $679 The markup for both computers is 30 1/2% . The family decides to buy the SF3000 model. What is the selling price of the laptop they are buying to the nearest cent?

Answer 1

Answer: The selling price of the SF3000 laptop they are buying is approximately $886.30

Step-by-step explanation: To find the selling price of the SF3000 laptop, we need to calculate the markup and add it to the cost price.

The markup is given as 30 1/2%, which can be written as 30.5% or 0.305 in decimal form.

Step 1: Calculate the markup amount.

Markup amount = Cost price * Markup percentage

Step 2: Add the markup amount to the cost price to get the selling price.

Let's calculate it step by step:

Step 1: Calculate the markup amount for the SF3000 laptop.

Markup amount = $679 * 0.305

= $207.295 (rounded to the nearest cent)

Step 2: Add the markup amount to the cost price.

Selling price = Cost price + Markup amount

= $679 + $207.295

= $886.295 (rounded to the nearest cent)

Answer 2

$886.10

Explanation:

Given:

• Mark-up percentage = 30 ½% = 30.5 % = 0.305 in decimal
• Cost price of Laptop Model SF2000 = $545
• Cost price of Laptop Model SF3000 = $679
• Family decides to buy Laptop Model SF3000

To find:

• Selling price of Laptop Model SF3000

Formula Used:

Selling Price = Cost Price + Markup

Solution:

First, let's calculate the markup amount:

Markup Amount = Markup % of Cost price

Markup Amount = 0.305 × $679

Markup Amount = 207.095

Now, let's find the selling price:

Selling Price = Cost Price + Markup

Selling Price = $679 + $207.095

Selling Price = $886.095

To the nearest cent, the selling price of the SF3000 laptop model is approximately $886.10.