Exam 8: Markup

A new state health law required the owners' dry cleaning companies to install large air circulators (fans) because of possible dangerous fumes. Gretchen Farmer, who sells such equipment, has a large rotating air circulator on an 8-ft weighted stand that cost her $242.20. Gretchen marked it up by $161.29. Find the selling price of the air circulator.

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

Near the city park, Wendi Haskell opened a bicycle shop where she rents and sells both mountain and road racing bikes. Wendi buys her rental mountain bikes from a local manufacturer whose cost is $180 for each bike. If Wendi pays $315 for each bike, what is the manufacturer's markup percent based on its cost?

As a source of income after retirement, Ian Donnelly sells an assortment of hard-to-find, specialty hardware items out of his home. Ian buys a pair of small "ratchet-style" pruning clippers for $15 each and sells them for $45 each. What is the markup percent based on selling price?

Clark Thomas wants to purchase a side table for his home. Clark found one that is selling for $450. Through a friend, Clark learns that the dealer's cost of this side table is $300.00. Find the dealer's markup percent based on selling price.

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

Compute the missing terms.​ ​

Janelle Austin services hot tubs and spas and sells replacement parts. Janelle marks up replacement parts 30% based on selling price. Compute the selling price of a hot tub water heater that has a cost of $107.17.

David Tang operates an automotive wrecking yard and he needs a 4-ton chain hoist to move heavy car and truck parts. Tang can buy a used hoist for $3,840 from a dealer who paid $1,600 for it. Compute the markup percent based on cost.

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

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

Compute the missing terms. ​