A briefcase sells for $75 and has a $40 markup. Calculate the cost and the markup rate of the briefcase based on cost.
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Question 2
2.
A hairdryer sells for $38 and is marked up $11 based on cost. Calculate the cost and the markup rate of the hairdryer based on cost.
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Question 3
3.
A graphing calculator costs $125 and has a markup rate of 40%. Calculate the selling price and the markup of the calculator based on selling price.
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Question 4
4.
A laptop computer sells for $1,675 and and costs $1,125. Calculate the markup rate and the markup of the computer based on selling price.
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Question 5
5.
An office filing cabinet has a 55% markup based on cost. The filing cabinet costs $110. Calculate the markup and the selling price of the filing cabinet.
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Question 6
6.
A loveseat sells for $549 and has a markup rate of 65% based on cost. Calculate the markup and the cost of the loveseat.
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Question 7
7.
A pair of sneakers costs $67. The markup rate of the retailer is 45%. Calculate the markup and the selling price of the sneakers based on selling price.
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Question 8
8.
A motorcycle costs the dealer $5,270. The markup by the dealer is $1,375. Based on selling price, calculate the markup rate and the selling price of the motorcycle.
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