Business Financial Principles Ch. 9

A 10 ream case of printer paper sells for 39.99 and has a 47% markup based on the selling price. Find the markup and cost of one case of paper.

Markup: 18.80 Cost: 21.19

One big box store sells a Toshiba notebook computer for 549.99. Each computer has a 57% markup based on selling price. What is the markup and cost of each computer

Markup: 313.49 Cost: 236.50

A Yamaha 88 Portable Grand Keyboard has a selling price of 934 and is marked up 63% based on the selling price. Find the markup and cost of the keyboard.

Markup: 588.42 Cost: 345.58

What is the rate of markdown based on the selling price of a scanner that sells for 498 and is marked down 142? Round to the nearest tenth percent.

28.5%

Brenda Wimberly calculates the selling price for all produce at Quick Stop Produce. If 400 pounds of potatoes were purchased for 0.13 per pound and 18% of the potatoes were expected to spoil before being sold, determine the price per pound that the potatoes must sell for a profit of 120% of the purchase price desired.

0.35

The college bookstore marks up loose leaf paper 40% of its cost. Find the cost if the selling price is 2.34 per package.

1.67

A cookbook has a 34% markup rate based on cost. If the markup is 5.27, find the cost of the cookbook.

15.50

A lamp cost 88. What is the selling price if the markup is 45% of the selling price?

160

A computer stand sells for 385. What is the markup if it is 45% of the selling price?

173.25

A box of printer paper costs 16.80. Find the selling price if there is a 35% markup rate based on cost.

22.68

A daily organizer that originally sold for 86.90 was marked down by 30%. What is the markdown?

26.07

A desk that originally sold for 589 was marked down 25%. During the sale it was scratched and had to be reduced an additional 25% of the original price. What was the final selling price of the desk?

331.31

A file cabinet originally sold for 215 but was damaged and had to be reduced. If the reduced cabinet sold for 129, what was the rate of markdown based on the original selling price?

40%

A refrigerator that sells for 589.99 was marked down 100. What is the sale price?

489.99

A wallet costs 16.05 to produce. The wallet sells for 25.68. What is the rate of markup based on cost?

60%

A daily organizer that originally sold for 86.90 was marked down by 30%. What is the sale price?

60.83

A CD costs 0.90 and sells for 1.50. Find the rate of markup based on selling price. Find the rate of markup based on cost. Round to the nearest whole percent.

67%

A calculator sell for 23.99 and costs 16.83. What is the markup?

7.16

A mixer sells for 109.98 and has a markup of 36.18. Find the cost.

73.80

If a television costs 498.15 and was marked up 300, what is the selling price?

798.15

The reduced price of a dress is 54.99. Find the original selling price if a reduction of 40% has been taken.

91.65

A radio sells for 45, which includes a markup of 65% of the selling price. Find the cost and the markup.

Cost: 15.75 Markup: 29.25

A copy machine sells for 7892 and has a markup of 3560. Find the cost and the percent of markup based on the cost. Round to the nearest tenth of a percent.

Cost: 4332 Markup: 82.2%

Becky Drewery purchased a small refrigerator for her dorm room for 159, which included a markup of 32 based on the cost. Find the cost and the rate of markup based on cost. Round to the nearest tenth percent.

Cost:127 Markup: 25.2%