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BM427 Markup - Cost Wkst #1

Last updated almost 5 years ago

12 questions

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Show all of your thinking for each problem.

Question 1

1.

Find the cost of a magazine that sells for $3.50 and is marked up $1.75 based on cost.

Question 2

2.

Find the selling price of a case of paper that costs $8 and is marked up $14 based on cost.

Question 3

3.

A sofa costs $398 and sells for $716.40. Find the markup based on cost.

Question 4

4.

A sofa costs $398 and sells for $716.40. Find the rate of the markup based on cost.

Question 5

5.

An audio system sells for $2,980. The cost is $1,862.50. Find the markup based on cost.

Question 6

6.

An audio system sells for $2,980. The cost is $1,862.50. Find the rate of the markup based on cost.

Question 7

7.

A lamp costs $32 and is marked up based on cost. If the lamp sold for $72, what was the percent of the mark up?

Question 8

8.

A TV that costs $1,899 sells for a 63% markup based on cost. What is the selling price of the TV?

Question 9

9.

A computer desk costs $196 and sells for $395. What is the percent of the markup based on cost?

Question 10

10.

A battery powered flashlight costs $8.50 if they are purchased in quantities of 36 or more. A gift shop purchased 48 flashlights and sells them at a 45% markup based on cost. Find the total selling price for all 48 flashlights.

Question 11

11.

What is the cost of a sink that is marked up $188 if the markup rate is 70% based on the cost?

Question 12

12.

A wristwatch sells for $289. The markup rate is 250% of the cost. Find the cost?