Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
Neal Wall bought a computer from A.C. Suppliers for $1,200. Neal plans to resell the computer for $1,800. What is Neal Wall's dollar markup and his percent markup on cost? Check your answer.
Fred Miguel bought rings for his jewelry shop that cost $90 each. Fred must mark up each ring 40% on cost. What is the dollar markup? What is the selling price of each ring? Check your answer.
Alice Rone sells watches. Her competitor sells a new line of watches for $30 each. Alice needs a 30% markup on cost to make her desired profit, and she must meet price competition. What cost can Alice afford to bring these watches into the store? What is the dollar markup?
Neal Wall bought a computer from A.C. Suppliers for $1,200. Neal plans to resell the computer for $1,800. What is Neal Wall's dollar markup on selling price? (Round to the nearest tenth percent.)
Fred Miguel bought rings for his jewelry shop that cost $90 each. Fred must mark up each ring 40% on selling price. What is the selling price of each ring? What is the dollar markup? Check your answer.
Alice Rone sells watches. Her competitor sells a new line of watches for $30 each. Alice needs a 30% markup on selling price to make her desired profit, and she must meet price competition. What cost can Alice afford to bring these watches into the store? What is the dollar markup?
Pete Burrows sells hammers for $14 that cost &8. What is Pete's percent markup at cost? (Round to the nearest tenth percent.) What is Pete's percent markup on selling price? (Round to the nearest hundredth percent.)
Staples bought and office desk for $400 and marked up up 30% on selling price to promote customer interest. Staples marked the desk down 5% for one week. After a week, Staples marked the desk up 2%. The last week it marked it down 8%. What is the final selling price?
Joe Kiim owns a bakery. Joe baked 40 dozen bagels. Joe expects a 20% spoilage rate. The bagels cosy $1.10 per dozen. Joe wants a 70% markup on cost. What should Joe charge for each dozen bagels? (Round to the nearest cent.)
Jane corporation produces Sweatshirts for a selling price of $19.25. Their variable cost is $13.10. Assuming a fixed cost of $6,150 what is Jane corporation's break even point?
