Question 1 4 pts The gift buyer purchased a group of brass items which consisted of 100 paperweights at $8 each; 150 candlesticks at $14 each; 150 ashtrays at $12 each; and 100 bowls at $10.50 each. She plans to sell all the brass items at the same price. What unit retail price will result in a 52% markup (Show two decimal places)?

Answer: The unit price after mark up is $17.48.Step-by-step explanation:Since we have given that Number of paperweights = 100Cost of each paperweight = $8Number of candlesticks = 150Cost of each candlestick = $14Number of ashtrays = 150Cost of each ashtray = $12Number of bowls = 100Cost of each bowl = $10.50So, Total amount would be [tex]100\times 8+150\times 14+150\times 12+100\times 10.50\\\\=800+2100+1800+1050\\\\=\$5750[/tex]If it is mark up 52%.So, the new price would be [tex]\dfrac{100+52}{100}\times 5750\\\\=\dfrac{152}{100}\times 5750\\\\=\$8740[/tex]total units = 100+150+150+100=500So, the unit price after markup would be [tex]\dfrac{8740}{500}=\$17.48[/tex]