Question 1

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: $\begin{array}{c}
\begin{array}{lll}
\
\underline{\text {Item}}\
\text { Toy}
\end{array}
\begin{array}{lll}
\
\underline{\text {Cost}}\
\
\end{array}
\begin{array}{lll}
\
\underline{\text {Markup}}\
\$4.89
\end{array}
\begin{array}{lll}
\text {Amount of}\
\underline{\text {Selling Frice}}\
\$9.78
\end{array}
\begin{array}{lll}
\text {Percent Markup}\
\underline{\text {Based on Cost}}\
\
\end{array}
\end{array}$

Accepted Answer

The answer of Calculate the missing information, rounding dollars to...

Question 2

An electronics store usually sells 18 remote control devices per week at a retail price of $12.49. This week the manager put the remotes on sale for a markdown of 20%, and sold 25 of them. How much more revenue was earned this week by having the sale?

Accepted Answer

The answer of An electronics store usually sells 18 remote...

Question 3

The amount added to the cost of an item to cover operating expenses and profit is sometimes called margin.

Accepted Answer

A) True 
 B)False

Question 4

The markup on a new van should be 30% based on selling price. If the seller paid $25,550 for one, then how much should it be sold for to achieve the desired markup?

Accepted Answer

A)  $26,122.50 
B)  $36,500.00 
C)  $45,255.71 
D)  $28,536.25 
A)  $26,122.50 
B)  $36,500.00 
C)  $45,255.71 
D)  $28,536.25

Question 5

Beacon Electronics advertised a portable TV set on sale for $272.49 after a 35% markdown from the original price. What was the original price of the TV set? (Round to the nearest cent)

Accepted Answer

The answer of Beacon Electronics advertised a portable TV set...

Question 6

The selling price for a raincoat is $76.09. What is the percent markup based on selling price, if the cost of the raincoat was $70? (Round to the nearest whole percent)

Accepted Answer

The answer of The selling price for a raincoat is...

Question 7

To manufacture a Multi-function Center costs $275. If the desired percent markup based on cost is 46%, how much should each fax machine sell for?

Accepted Answer

The answer of To manufacture a Multi-function Center costs $275....

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: Toy \4 .89 Amount of \9 .78 Percent Markup

An electronics store usually sells 18 remote control devices per week at a retail price of $12.49. This week the manager put the remotes on sale for a markdown of 20%, and sold 25 of them. How much more revenue was earned this week by having the sale?

The amount added to the cost of an item to cover operating expenses and profit is sometimes called margin.

The markup on a new van should be 30% based on selling price. If the seller paid $25,550 for one, then how much should it be sold for to achieve the desired markup?

Beacon Electronics advertised a portable TV set on sale for $272.49 after a 35% markdown from the original price. What was the original price of the TV set? (Round to the nearest cent)

The selling price for a raincoat is $76.09. What is the percent markup based on selling price, if the cost of the raincoat was $70? (Round to the nearest whole percent)

To manufacture a Multi-function Center costs $275. If the desired percent markup based on cost is 46%, how much should each fax machine sell for?

Whole Numbers

Fractions

Decimals

Checking Accounts

Using Equations to Solve Business Problems

Percents and Their Applications in Business

Invoices, Trade Discounts, and Cash Discounts

Payroll

Simple Interest and Promissory Notes

Compound Interest and Present Value

Annuities

Consumer and Business Credit

Mortgages

Financial Statements and Ratios

Inventory

Depreciation

Taxes

Insurance

Investments

Business Statistics and Data Presentation

Filters

Exam 8: Markup and Markdown

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: Toy \4 .89 Amount of \9 .78 Percent Markup

An electronics store usually sells 18 remote control devices per week at a retail price of $12.49. This week the manager put the remotes on sale for a markdown of 20%, and sold 25 of them. How much more revenue was earned this week by having the sale?

The amount added to the cost of an item to cover operating expenses and profit is sometimes called margin.

The markup on a new van should be 30% based on selling price. If the seller paid $25,550 for one, then how much should it be sold for to achieve the desired markup?

Beacon Electronics advertised a portable TV set on sale for $272.49 after a 35% markdown from the original price. What was the original price of the TV set? (Round to the nearest cent)

The selling price for a raincoat is $76.09. What is the percent markup based on selling price, if the cost of the raincoat was $70? (Round to the nearest whole percent)

To manufacture a Multi-function Center costs $275. If the desired percent markup based on cost is 46%, how much should each fax machine sell for?

Whole Numbers

Fractions

Decimals

Checking Accounts

Using Equations to Solve Business Problems

Percents and Their Applications in Business

Invoices, Trade Discounts, and Cash Discounts

Payroll

Simple Interest and Promissory Notes

Compound Interest and Present Value

Annuities

Consumer and Business Credit

Mortgages

Financial Statements and Ratios

Inventory

Depreciation

Taxes

Insurance

Investments

Business Statistics and Data Presentation

Filters