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25 March, 00:14

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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  1. 25 March, 02:20
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    Manufacturing cost = $136

    sellers added 25% = $ 136 * 25/100 = $34

    manufacturers cost + 25% = $136 + $34 = $170.

    old selling price = $170

    Sellers decreased the markup to 17% (of manufacturing cost) : $136 x 17/100 = $23.12

    New selling price = $136 + $23.12 = $153.12

    both of these answers show: original cost + markup value
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