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Percent Applications Project
From Manufacturer to retailer : Gopro Cameras
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Average Price to make a Gopro
The average price to make a Gopro Hero 4 is $70. The Manufacturer sells it to the retailer for $180. These cameras are made in China.
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Sale Price of a Gopro Hero 4
The retailer sells the Gopro to the consumer for $ HERO4 Silver $399.99
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The Markup Prices The markup percent from the manufacturer to the retailer is % I got this by dividing 180 by 70 then I moved the decimal 2 spots to the right. The markup percent from the retailer to the consumer is % I got this by dividing and 180 and moved the decimal 2 spots to the right.
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Observations Gopro makes a huge profit !
No matter what retailer I researched the camera was all the same price. 3. It appears the manufacturers set the price.
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Explanation of terms Markup : the increase of a price of an item, usually in percents Manufacturer : the maker of a certain item Retailer : a business or place that lets you buy manufactured goods Consumer : a person that buys manufactured goods
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The Graph
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