document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1174403>Question 1174403</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Question 1109914: 1. The Cellphone Company buys iPhones at PhP24,000. Expenses are set at 17% of the selling price and the required profit is set at 20% of the selling price. During a weekend sale, the iPhone is sold at 10% discount. <BR>\n" );
document.write( "A. What is the regular selling price of the iPhone? <BR>\n" );
document.write( "B. What is the sale price of the iPhone? <BR>\n" );
document.write( "C. How much did The Cellphone Company gain or lose when the iPhone was sold during the weekend sale? <BR>\n" );
document.write( "2. Appliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price,  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #850667 by </B><A HREF=/tutors/aboutme.mpl?userid=CPhill><B>CPhill(1959)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=CPhill><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=CPhill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=850667\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> **1. The Cellphone Company**\r<BR>\n" );
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document.write( "**A. Regular Selling Price**\r<BR>\n" );
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document.write( "* Let `x` be the regular selling price.<BR>\n" );
document.write( "* Expenses = 0.17x<BR>\n" );
document.write( "* Profit = 0.20x<BR>\n" );
document.write( "* Cost = PhP24,000\r<BR>\n" );
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document.write( "We can set up an equation to represent the selling price:\r<BR>\n" );
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document.write( "Cost + Expenses + Profit = Selling Price<BR>\n" );
document.write( "24000 + 0.17x + 0.20x = x<BR>\n" );
document.write( "24000 = x - 0.17x - 0.20x<BR>\n" );
document.write( "24000 = 0.63x<BR>\n" );
document.write( "x = 24000 / 0.63<BR>\n" );
document.write( "x ≈ PhP38,095.24\r<BR>\n" );
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document.write( "**Therefore, the regular selling price of the iPhone is PhP38,095.24.**\r<BR>\n" );
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document.write( "**B. Sale Price**\r<BR>\n" );
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document.write( "* Discount = 10% of PhP38,095.24 = PhP3,809.52<BR>\n" );
document.write( "* Sale Price = PhP38,095.24 - PhP3,809.52 = PhP34,285.72\r<BR>\n" );
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document.write( "**Therefore, the sale price of the iPhone is PhP34,285.72.**\r<BR>\n" );
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document.write( "**C. Gain or Loss during Weekend Sale**\r<BR>\n" );
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document.write( "* Sale Price = PhP34,285.72<BR>\n" );
document.write( "* Cost = PhP24,000<BR>\n" );
document.write( "* Expenses = 0.17 * PhP34,285.72 = PhP5,828.57\r<BR>\n" );
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document.write( "Profit/Loss = Sale Price - Cost - Expenses <BR>\n" );
document.write( "              = PhP34,285.72 - PhP24,000 - PhP5,828.57<BR>\n" );
document.write( "              = PhP4,457.15\r<BR>\n" );
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document.write( "**Therefore, The Cellphone Company gained PhP4,457.15 during the weekend sale.**\r<BR>\n" );
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document.write( "**2. Appliance Store**\r<BR>\n" );
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document.write( "* Mark-up = PhP3,450<BR>\n" );
document.write( "* Mark-up percentage = 40% of selling price\r<BR>\n" );
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document.write( "Let `x` be the selling price of the TV set.\r<BR>\n" );
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document.write( "Mark-up = Mark-up percentage * Selling Price<BR>\n" );
document.write( "PhP3,450 = 0.40x<BR>\n" );
document.write( "x = PhP3,450 / 0.40<BR>\n" );
document.write( "x = PhP8,625\r<BR>\n" );
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document.write( "**Therefore, the selling price of the TV set is PhP8,625.** </SPAN>\n" );
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