Exam 8: Markup

​The markup percent is based on selling price. Compute the missing terms. ​

Wilson Gomez manages the large screen television sales for a high-volume, discount appliance dealer. Large screen televisions are normally marked up only 40% based on selling price. Compute the dollar markup and the dealer's cost on a large screen television set that sells for $2,190.

Adrienne Schweitzer manages an office supply store. A combination printer/copier/fax machine recently sold for $395. Adrienne knows that the fax machine cost the store $209. How much was the dollar markup?

Compute the missing terms.

Anderson Hall sold his own car to a travel agent, for business purpose. The car had a cost of $15,280 and Hall sold it for $16,884. Compute the dollar markup.

The markup percent is based on selling price. Compute the missing terms.​ ​

​The markup percent is based on selling price. Compute the missing terms. ​

LuAnn Chandler recently opened a new office as a Certified Public Accountant (CPA). LuAnn bought a fireproof four-drawer vertical filing cabinet for $857.40. If the vendor had marked it up by $229, how much did the vendor pay for the filing cabinet?​

J.D. Straley owns New England Art Gallery and specializes in selling water color paintings of the New England landscape. Although he usually sells on consignment, recently Straley bought a small painting from a well-known artist for $3,450 and marked it up by $2,725. Compute the selling price of the painting.

Kevin Woo owns a small shop which specializes in selling scaffolding equipment, ladders, and painting supplies. Kevin marks up all ladders 30% based on selling price. A 28-foot aluminum extension ladder has a cost of $196.14. What is the dollar markup?

The markup percent is based on cost. Compute the missing terms.​ ​

The markup percent is based on cost. Compute the missing terms.​ ​

Noah Jacob owns an automobile shop in Toronto and it specializes in selling motorcycles. He usually sells in batches, however, recently Noah bought a motorcycle from a well-known dealer for $7,540 and marked it up by $6,835. Compute the selling price of the motorcycle.

​Markup percent is based on selling price. Compute the missing terms. ​

Markup percent is based on selling price. Compute the missing terms.​ ​

Sonny Fujito sells machine shop equipment. One customer was interested in a 4-speed, metal-cutting, horizontal band saw, without motor. This particular band saw cost $2,464. If Sonny sold the saw for $4,004, what was the percent markup percent based on cost?

Bill Lounsberry's hobby was repairing old foreign sports cars in a garage at home. To store parts, Lounsberry bought some steel industrial warehouse shelving. Each unit was 6 feet long, 7 feet tall, and 2 feet deep with 500 pound capacity for each shelf. The distributor sold each unit for $425. Calculate the cost per unit to the distributor if the dollar markup on each unit was $92.30.

The markup percent is based on cost. Compute the missing terms. ​

​The markup percent is based on cost. Compute the missing terms. ​

​The markup percent is based on selling price. Compute the missing terms. ​