Calculate answers for the following scenarios:
a.
A set of measuring cups is sold for $2.50.The retailer added $.50 to the original cost.What is the markup percentage? Calculate your answer in terms of the price that retailers usually use in computing markups.
b.
The cost of a food blender is $40 and the retailer applies a markup of $60.What is the retail markup percentage? Calculate your answer in terms of the price that retailers usually use in computing markups.
c.
A retailer marks up all products by 20 percent.If a set of glasses costs the retailer $10,what will the final selling price be?
d.
A retailer marks up all products by 75 percent.If the selling price of a set of plastic bowls is $4,what was the cost to the retailer?

Question

Quizplus · Accepted Answer

The Answer of Calculate answers for the following scenarios:
a.
A set of measuring cups is sold for $2.50.The retailer added $.50 to the original cost.What is the markup percentage? Calculate your answer in terms of the price that retailers usually use in computing markups.
b.
The cost of a food blender is $40 and the retailer applies a markup of $60.What is the retail markup percentage? Calculate your answer in terms of the price that retailers usually use in computing markups.
c.
A retailer marks up all products by 20 percent.If a set of glasses costs the retailer $10,what will the final selling price be?
d.
A retailer marks up all products by 75 percent.If the selling price of a set of plastic bowls is $4,what was the cost to the retailer?

Calculate Answers for the Following Scenarios