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nissan appliances bought two dozen camcorders at a cost of $4,788. the markup on the camcorders is 25% of the selling price. what was the original selling price of each camcorder?



Answer :

Nissan spent $4,788 to purchase 24 camcorders, or a dozen.

24 times $4,788 equals the cost of each camcorder,

which is 4,788/24 equals $199.5 for each camcorder.

If the markup is 25%, the sell price will be 1.25 times the purchase price, or $199.50 multiplied by 1.25.

Nissan can then sell these items for apiece, therefore. the cost is 249.375

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