1. Suzie’s Flowers purchases a wide variety of houseplants. One of Suzie's favorites, the large split leaf philodendron, costs $13.50 from the wholesaler and requires an additional $1.00 per plant to take care of and then package prior to sale. Suzie's normal markup on houseplants is 55%. What would be the retail selling price of a large split leaf philodendron? 2. A manufacturer sells a 3-person tent to its wholesalers for $59.95. Wholesalers take a markup on selling price of 15% and sell to retailers who take a markup on selling price of 45%. How much does this tent cost you?

$22.475 and $99.96

Explanation:

1. Split-leaf philodendron, costs $13.50 and requires an additional $1.00 per plant to prepare for a sale. The total cost of the plant is  $14.50 ($13.50 + $1.00)

If Suzie desires a 55% mark-up, the retail prices will be the cost price plus 55% of the cost.

The cost price of $14.50 is equal to 100%

the retail price will be 155% of $14.50

=155/100 x $14.50

=1.55 x $14.50

=$22.475

2. The manufacturer sells the tent for $59.95.

$59.95 is equivalent to 100%. If wholesalers mark-up is 15%, they will sell the tents to retailers at 115% of $59.95

=115/100 x  $59.95

=1.15 x  $59.95

=$68.94

Retailers mark up is 45% of $68.94. consumers buy the tents at 145% of $68.94

=145/100 x $68.94

=1.45 x $68.94

=$99.96

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