Question

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

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

Answer 1

Answer:

C. is the correct answer.

Old price was $170; new price is $159.12