Exam 8: Markup

Cesare Aguilar works as a salesperson for an office products warehouse store. The markup percent on laser printers is based on selling price. One popular, competitively priced laser printer sells for $520. Cesare knows that the cost of this item is $312. Compute the markup percent based on selling price.

Barbara Duff manages a marina with her sister, Sheryl. To moor sailboats to the dock, the sisters needed rope. A maritime wholesaler was selling 5/8 inch twisted strand polypropylene rope in 500 foot rolls. The store had paid $123.64 per roll for the rope. For the sisters, the hardware store marked up the rope 20% above their cost. Compute the dollar markup and the selling price that the sisters would pay for one roll of the rope.

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

Henry Donaldson sold kitchen equipment to homeowners although he made his store appear as if it were a restaurant supply store. Henry was selling a meat slicing machine for $480 and it had cost him $168. What was the percent markup percent based on selling price?

Hagen Banse is a landscape contractor. He charges less for labor than other contractors, but he charges his clients the retail price for a plant while he pays only a wholesale price. Hagen charges a client $450 for an olive tree that only costs him $250. What is the markup percent based on cost?​

Steve Salter sells plumbing equipment and supplies. Salter will mark up an 80-gallon residential hot water heater 35% based on selling price. If the hot water heater costs Salter $221, what will be his selling price?

Neale Burgraaf wants to purchase a halogen lamp for her office. Neale found one that is selling for $250. Through a friend, Neale learns that the dealer's cost of this lamp is $105.00. Find the dealer's markup percent based on selling price.

Compute the missing terms.​ ​

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

Jon Draper sold a small, lightweight garden tractor to a landscape company for use on landscaping jobs in small areas. The tractor had a cost of $3,190 and Draper sold it for $4,795. Compute the dollar markup.

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

Julianne Fong started a company which sells equipment to retrofit buildings for the physically challenged. Julianne will pay $485.60 for a wheel chair access water cooler, with front and side push bars to activate the water fountain. If she decides to mark up the price 37.5% based on cost, what will be the selling price of the water cooler?

Dorothy Quinones manages a security equipment store that sells items including alarm systems, lock and safes. Dorothy marks up everything in the store 50% based on cost. If she sells a 5,040 cubic inch fireproof safe for $474.51, compute the dollar markup on the safe.

Brad Pham works as a department manager in a computer products store. One particular fax machine sells for $212.40. Management told Pham that the markup on this fax machine was 45% based on selling price. Calculate the cost of the machine.

Michelle Sosa sells roofing supplies and equipment to contractors. Michelle marks up all equipment items based on selling price. Her selling price on a pneumatic roofing stapler is $540. If the cost of the stapler had been $297, what is the markup percent based on selling price?​

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

Compute the missing terms.​ ​

Omar Davies owns a large sporting goods store with several departments, one of which sells only camping equipment. Omar buys one model of portable gas stove for $60. During the camping season, Omar sells the stove for $187.50. What is the markup percent based on selling price?

Michael Waxman, a restaurant consultant, advised a client to buy a 30-inch diameter commercial kitchen exhaust system which was specifically designed to remove "grease-laden" air. Waxman knew that most vendors marked up these items 60% based on cost. If the cost of such an exhaust system is $1,910, what will be the selling price?

Won Yin imports furniture and sells through several outlet stores. Yin's markup for imported tables is 125% based on cost. If a table sells for $877.50, how much did it cost?