Sean's Hardware Supplies sells a snowblower for $750.99.The markup is 70% of cost.
a)How much does the store pay for this snowblower?
b)What is the rate of markup based on selling price?
A skateboard costing $16.23 was marked up to realize gross profit of 50% of the selling price.
a)What was the selling price?
b)What was the gross profit as a percent of cost?
A bike shop reduces the price of a bike for quick sale from $455.00 to $395.00.Compute the markdown correct to the
Dave and Lance buy pants for $32.75 less 12.75%,18%.The pants are priced at a regular selling price to cover expenses of 35% of selling price and a profit of 32% of selling price.For a special weekend sale,shirts were marked down 15%.
a)What was the operating profit or loss on the pants sold during the weekend sale?
b)What rate of markup was realized based on the sale price?