Quantitative Reasoning For Business Wk 2
Choose a product or service that you would like to purchase for your office or yourself: Injet all in one printer______________
Search the internet to find three providers who have different prices for the product or service:
a.Staples
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b.Amazon
c.Walmart
Product Description
- Describe in 2 to 4 sentences the product or service you wish to purchase.
| The product I would like to purchase for my office in the HP injet all in one color printer.
This product has the insta ink ready component I’m looking for as well. |
for the product or service: $___260.00______________
Product Comparison
- Complete the chart below with information from your research.
| Name of Provider | Link to Website | Price of Product |
| Staples | https://www.staples.com/ | $229.99 |
| Amazon | https://www.amazon.com/ref=nav_logo | $399.89 |
| Walmart | https://www.walmart.com/ | $229.99 |
- Compare in a total of 260 words the product or service offered on each website.
| Website | Method of Delivery | Warranties | Tax Rates | Extra Components/Services | Other Differences |
| a.Staples.com | Pick up Only | 1 Year Factory warrenty | 7.000%
Total taxes cost $17.75 |
1 year factory warranty and 2 years device protection plan for $39.99 optional | Item appears to be on back order whitch mean I waould have to wait to pick up the item |
| b.Amazon.com | Delivery only | 1 Year Factory Warrenty only | 7.000%
Total Taxes Cost $30.92 |
1 years warranty and 2 years of ink delvery to your door & smart task for smart office productivy.
Come with the printer |
Additional 2 year warranty for $$49.99.
Free delivery with amazon prime menbership |
| c. Walmart | Delivery only | 1 year factory warranty. | 7.000%
Total Taxes Cost |
1 year warranty plus optional 3 year Walmart protection plan for $39.99 | Optional remote printe set up for aadditional $29.99 |
Calculations
- Suppose each of these products/services has a 30% markup based on selling price.
Calculate each supplier’s cost for the product/service. [Hint: First find the markup in dollars, then use the formula Price=Cost + Markup to find the supplier’s cost.]
| Website a: (Staples) | Website b: (Amazon) | Website c: (name) | |
| Supplier’s Cost: | $ | $ | $ |
- Now that you have calculated the cost of the product, use that information to calculate the percentage markup based on cost.[Hint: Percentage markup based on cost is = (Price-Cost)/Cost.]
| Website a: (name) | Website b: (name) | Website c: (name) | |
| Percentage Markup: | % | % | % |
- Calculate the percentage difference between the price you would like to pay and the price of the product/service.
Remember, this percentage will be positive if the price of the product or service is lower than the price you would like to pay. If the price is over-budget then there will be a negative number. If the price is under budget then there will be a positive number. [Hint: To calculate the percentage difference, you should use the formula: (Budget – Price)/Budget.]
| Website a: (name) | Website b: (name) | Website c: (name) | |
| Percentage Difference: | % | % | % |
Analysis
- Write a 175- to 350-word analysis of which product you would select for purchase. Keep in mind that your purchase decision does not necessarily have to be the product with the lowest cost but you should support your decision with information from your analysis.
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