Laura is looking for the best deal on a king-size mattress that has a wholesale price of $359. Help her compare the price of the mattress in different situations by completing the following.
(a)
Laura can go to a specialty store that she knows has the mattress. This specialty store gets it from a distributor
who marks up the wholesale price 10%. Then the specialty store marks it up by an additional 60%. Ignoring tax,
how much would Laura pay for the mattress at this specialty store?
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(b)
Laura can also buy the mattress from a distributor that does direct-to-customer sales. When selling directly to
individual customers, this distributor marks up the wholesale price 70%. Ignoring tax, how much would Laura pay
for the mattress if she gets it from this distributor?
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(c)
Select the true statement.
Laura would pay more for the mattress if she gets it at the specialty store.
Laura would pay more for the mattress if she gets it directly from the distributor.
O Laura would pay the same amount if she gets the mattress from the distributor or at the specialty store.