Concept explainers
To calculate: The retail price (in dollars) of the DVD player.
![Check Mark](/static/check-mark.png)
Answer to Problem 10CST
The retail priceof the DVD playeris
Explanation of Solution
Given information:
The information given in the question:
Wholesale price of DVD player =
Markup percent =
Formula used:
Retail price = Wholesale price + Markup
Calculation:
As per the problem,
Wholesale price of DVD player =
Markup percent =
The markup is calculated using a percent of the wholesale price.
To calculate retail price,
Retail price = Wholesale price + Markup
Hence,
The retail price of the DVD player is
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