A used Acura 2.3CL two-door sells for $22,545 with a 10.9% markup on selling price. What is the cost to the dealer? Round to the nearest dollar.
Abby Matthew, store manager for Sears, does not know how to price a refrigerator that cost $900. Abby knows her boss wants a 40% markup on cost. Help Abby price the refrigerator.
Boeing plans to increase its prices for Jetliners. With a selling price of $201.5 million and a cost of $190.1 million, what was the percent markup based on cost? Round to the nearest percent?
A Honda Element with a dealer invoice price of $19,700 was retail priced at $23,000. (a) How much is the percent markup based on selling price? Round to the nearest hundredth percent. (b) How much is the markup percent if cost had been the case (use the equivalent markup formula)? Round to the nearest hundredth percent.
A Hummer four-door costs the dealer $57,915. The dealer has a 12.3% markup on selling price. What is the selling price of the vehicle? Round to the nearest dollar. Note: Markup is on selling price, not cost.
A Chevrolet Cavalier two-door costs the dealer $11,355, and he plans to sell the vehicle for $12,110. What is the percent markup based on selling price? Round to the nearest tenth percent. Check the selling price (will be off due to rounding).
A rock band can make a batch of CD's for around $4 each. The record companies charge $18 for new releases. (a) What would be the markup amount? (b) What would be the percent markup on cost? (c) What would be the percent markup on selling price? Round to the nearest hundredth percent.
On eBay auction, Mike Kaminsky bought an old Walter Lantz Woody Woodpecker oil painting for $4,000. He plans to resell it at a toy show for $7,000. What are the dollar markup and percent markup on cost? Check the cost figure.
Woman's Day has raised its price from $1.29 to $1.69. Using markup based on selling price: (a) How much is Woman's Day's percent markup? Round answer to the nearest hundredth percent as needed.
*BJ's makes low carb cookies that cost $2.00 each. BJ's expects 15% of the cookies to fall apart and be discarded. BJ's wants a 45% markup on cost and produces 200 cookies. What should BJ's price each cookie? Round to the nearest cent.
