Multiple choice

1. Selling price = $1980; cost = $753. Find the rate of markup based on the selling price. Round to the nearest tenth of percent. The rate of markup is ___% 

2. Markup rate based on selling price = 19%; markup = $350. Find the selling price. Round to the nearest cent. The selling price is $____ 

3. An item has a 22% markup based on selling price. The markup is $400. a. Find the selling price b. Find the cost Round to the nearest cent.

 4. An item sells for $48 and is reduced to sell for $30. Find the markdown amount and the rate of markdown. The markdown amount is $____ The rate of markdown is ____%