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Business Math Homework 8
Angie's Bake Shop makes birthday chocolate
chip cookies that cost $2 each.
Angie expects that 10% of the cookies will crack and be discarded. Angie wants a 60% markup on cost and produces 100 cookies. What should Angie price each cookie? (Round your answer to the nearest cent.) Price per cookie Join Now For Answers & Help!!! Arley's Bakery makes fat-free cookies that cost $1.50 each. Arley expects 15% of the cookies to fall apart and be discarded. Arley wants a 45% markup on cost and produces 200 cookies. What should Arley price each cookie? (Round your answer to the nearest cent.) Price per cookie Join Now For Answers & Help!!! Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on cost instead of on selling price. What is Misu's cost? (Round your answer to the nearest cent.) Misu's cost Join Now For Answers & Help!!! At a local Bed and Bath Superstore, the manager, Jill Roe, knows her customers will pay no more than $300 for a bedspread. Jill wants a 35% markup on selling price. What is the most that Jill can pay for a bedspread? Maximum amount Join Now For Answers & Help!!! Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter? Join Now For Answers & Help!!! An Apple Computer store sells computers for $1,258.60. Assuming the computers cost $10,788 per dozen. a. Find the dollar markup for each computer. (Round your answer to the nearest cent.) b. Find the percent markup on cost for each computer. c. Find the percent markup on selling price for each computer. (Round your answer to the nearest hundredth percent.) a. Dollar markup Join Now For Answers & Help!!! b. Percent markup Join Now For Answers & Help!!! c. Percent markup Join Now For Answers & Help!!! John's Smoothie Stand at Utah's Wasatch County's Demolition Derby sells bananas. If John bought 50 lbs. of bananas at $.23 per pound expecting 10% to spoil, how should he price his bananas to achieve 57% on selling price? (Round your answer to the nearest cent.) Join Now For Answers & Help!!! Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price? (Round your answer to the nearest hundredth percent.) b. Is this a wise marketing decision? a. Join Now For Answers & Help!!! b. Join Now For Answers & Help!!! Jim Abbott purchased a $60,000 recreational vehicle (RV) with a 40 percent markup on selling price. a. What was the amount of the dealer's markup? b. What was the dealer's original cost? a. Markup amount Join Now For Answers & Help!!! b. Original cost Join Now For Answers & Help!!! Working off an 18% margin, with markups based on cost, the Food Co-op Club boasts that it has 5,000 members and a 200% increase in sales. The markup is 36% based on cost. What would be its percent markup if selling price were the base? (Round your answer to the nearest hundredth percent.) Percent Markup 26.47% Macy's was selling Calvin Klein jean shirts that were originally priced at $58.00 for $8.70. a. What was the amount of the markdown? (Round your answer to the nearest cent.) b. Based on the selling price, what is the percent markdown? a. Amount of Markdown Join Now For Answers & Help!!! b. Percent markdown Join Now For Answers & Help!!! Bari Jay, a gown manufacturer, received an order for prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown? (Round your answer to the nearest cent.) Selling price $ Join Now For Answers & Help!!! Cecil Green sells golf hats. He knows that most people will not pay more than $20 for a golf hat. Cecil needs a 40% markup on cost. What should Cecil pay for his golf hats? (Round your answer to the nearest cent.) Cecil pays $ Join Now For Answers & Help!!! Nissan Appliances bought two dozen camcorders at a cost of $4,788. The markup on the camcorders is 25% of the selling price. What was the original selling price of each camcorder? Selling price $ Join Now For Answers & Help!!! On July 8, 2013, Leon's Kitchen Hut bought a set of pots with a $120 list price from Lambert Manufacturing. Leon's receives a 25% trade discount. Terms of the sale were 2/10, n/30. On July 14, Leon's sent a check to Lambert for the pots. Leon's expenses are 20% of the selling price. Leon's must also make a profit of 15% of the selling price. A competitor marked down the same set of pots 30%. Assume Leon's reduces its selling price by 30%. a. What is the sale price at Kitchen Hut? (Round your answer to the nearest cent.) b. What was the operating profit or loss? (Input the amount as a positive value. Round your answer to the nearest cent.) a. Sale price Join Now For Answers & Help!!! b. Operating loss Join Now For Answers & Help!!! Mel's furniture bought a lamp that cost $100. To make the desired profit, he needs a 65% markup on cost. What is Mel's dollar markup and selling price? Dollar Markup = Join Now For Answers & Help!!! Selling Price = Join Now For Answers & Help!!! 100 + 0.65 Join Now For Answers & Help!!! Assume markup is based on cost. Find the dollar markup and selling price for the following problem. Item: Burberry Men's Watch Cost: $560 Markup Percent: 20% What is the dollar markup and selling price? Join Now For Answers & Help!!! Assume markup is based on cost. Find the dollar markup and selling price for the following problem. Item: Burberry Men's Watch Cost: $400 Markup Percent: 40% What is the dollar markup and selling price? Join Now For Answers & Help!!! Assume that markup is based on selling price. Calculate the dollar markup and cost. Item: Canon Scanner Selling Price: $85 Markup Percent: 25% What is the dollar markup and cost? Dollar Mark up = Join Now For Answers & Help!!! = Join Now For Answers & Help!!! Cost = Selling Price - Mark up Join Now For Answers & Help!!! Assume that markup is based on selling price. Calculate the dollar markup and cost. Item: Canon Scanner Selling Price: $80 Markup Percent: 30% What is the dollar markup and cost? Join Now For Answers & Help!!! Cost = Selling Price - Mark up Join Now For Answers & Help!!! What is the selling price of a dining room set at Macy's? Assume actual cost is $770 and 52% markup on selling price. S = Join Now For Answers & Help!!! What is the selling price of a dining room set at Macy's? Assume actual cost is $770 and 69% markup on selling price. S = Join Now For Answers & Help!!! What is the selling price of a dining room set at Macy's? Assume actual cost is $800 and 55% markup on selling price. S = Join Now For Answers & Help!!! What is the selling price of a dining room set at Macy's? Assume actual cost is $800 and 55% markup on selling price. S = $800 + 0.55 x S Markup = 55% of x Join Now For Answers & Help!!! Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Original Selling Price: $6,700 First Markdown: 30% Second Markdown: 10% Markup: 10% Final Markdown: 10% What is the final selling price and markdown percent? Join Now For Answers & Help!!! Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Original Selling Price: $5,000 First Markdown: 20% Second Markdown: 10% Markup: 12% Final Markdown: 5% What is the final selling price and markdown percent? 20% markdown: (1 - 0.20) = 0.8 10% markdown: (1 - 0.10) = 0.9 12% markup: (1 + 0.12) = 1.12 5% markdown: (1 - 0.05) = 0.95 Join Now For Answers & Help!!! Join Now For Answers & Help!!! Chapter Tests 01 02 03 04 05
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07 08 09
10 11 12 13 14 15 16 17 18 19 20 21 22 Unit Test 01 02 03 04
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Homework Chapter 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 Need A Tutor? Need Homework Help? Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Original Selling Price: $5,600 First Markdown: 35% Second Markdown: 25% Markup: 18% Final Markdown: 15% What is the final selling price and markdown percent? Join Now For Answers & Help!!! Calculate the break-even point and contribution margin. Fixed Cost: $60,800 Selling Price per Unit: $5 Variable Cost per Unit: $3 Join Now For Answers & Help!!! The selling price of lumber at Home Depot is $4,410, percent markup on cost is 30%. Calculate the actual cost. Join Now For Answers & Help!!! The selling price of lumber at Home Depot is $3,920, percent markup on cost is 30%. Calculate the actual cost. Join Now For Answers & Help!!! Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. Cost: $16.40 Selling Price: $24.60 Dollar Markup: ___0.5_______ Percent Markup on Cost: ____50%_______ Join Now For Answers & Help!!! Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. Cost: $15.10 Selling Price: $22.00 Dollar Markup: _________ Percent Markup on Cost: ___________ A local Dot Dress Shop is selling a suit for $99. Because of changing styles, the first markdown was 8% and second markdown was 25%. The suit still did not sell, so a final markdown of 10% was taken. The sale price is currently: Join Now For Answers & Help!!! If the selling price and percent markup on selling price are given, the actual cost can be calculated. (T/F) Join Now For Answers & Help!!! A local True Value Hardware Store marks its goods up 38% on cost. If a snow blower cost True Value $400, the selling price would be: Join Now For Answers & Help!!! Gap sells jeans that cost $21.00 and sell for $29.95. The percent of markup based on cost is: Join Now For Answers & Help!!! Lester Co. produces toy kites. It has a fixed cost of $62,150. If the selling price per unit is $9.50 and the variable cost per unit is $6.25, the breakeven point is: Join Now For Answers & Help!!! Red Jeans Inc. sells jeans that cost $16.55 for a selling price of $35.99. The percent of markup based on cost is: Join Now For Answers & Help!!! At the end of the summer, Walgreens advertised blow-up pools for 66% off the regular price. Jeff Jones saw a pool with a regular price of $49.99. The dollar markdown is: Join Now For Answers & Help!!! An Apple iPod sells for $299, which is marked up 40% of the selling price. What is the cost of theiPod? 100% - 40% = 60% Join Now For Answers & Help!!! Gross profit is net sales minus the cost of bringing merchandise into the store. (T/F) Join Now For Answers & Help!!! |
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