math work due in 20 hours
1.
[–/2 Points]DETAILSBRECMBC9 8.I.002.
MY NOTES
ASK YOUR TEACHER
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
|
Item |
Cost |
Amount of Markup |
Selling price |
Percent Markup Based on Cost |
|
Bookcase |
$41.40 |
$24.50 |
$ |
% |
2.
[–/2 Points]DETAILSBRECMBC9 8.I.006.
MY NOTES
ASK YOUR TEACHER
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
|
Item |
Cost |
Amount of Markup |
Selling price |
Percent Markup Based on Cost |
|
Hat |
$32.75 |
$40.00 |
$ |
% |
3.
[–/1 Points]DETAILSBRECMBC9 8.I.021.MI.
MY NOTES
ASK YOUR TEACHER
A customer just paid $66.74 for a raincoat. If the percent markup based on cost is 42%, what was the cost (in $)?
$
4.
[1/1 Points]DETAILSPREVIOUS ANSWERSBRECMBC9 8.I.TB.004.
MY NOTES
ASK YOUR TEACHER
Find the markup on a computer system that sells for $2,385.90 but costs $1,749.95.
$635.95$1,749.95 $2,385.90$4,135.85
5.
[1/1 Points]DETAILSPREVIOUS ANSWERSBRECMBC9 8.I.TB.007.
MY NOTES
ASK YOUR TEACHER
If a mountain bike originally cost the retailer $349.95, how much will a customer have to pay for it, if it is marked up by $95.50?
$248.96$254.45 $445.45$473.25
6.
[0/1 Points]DETAILSPREVIOUS ANSWERSBRECMBC9 8.I.TB.018.
MY NOTES
ASK YOUR TEACHER
A desktop computer costs a company $335.42 to manufacture. If it sells for $857, what is the percent markup based on cost? (Round to the nearest whole percent.)
39%61% 125%156%
7.
[–/1 Points]DETAILSBRECMBC9 8.II.018.MI.
MY NOTES
ASK YOUR TEACHER
The markup on a video game is 35% of the sale price. If the video game sells for $76.92, what was the cost (in $)? (Round your answer to the nearest cent.)
$
8.
[1/1 Points]DETAILSPREVIOUS ANSWERSBRECMBC9 8.II.TB.008.
MY NOTES
ASK YOUR TEACHER
It costs $1,530 to manufacture a violin. If the violin sells for $1,945, what is the percent markup based on selling price? (Round to the nearest whole percent.)
21%27% 31%79%
9.
[1/4 Points]DETAILSPREVIOUS ANSWERSBRECMBC9 8.III.024.
MY NOTES
ASK YOUR TEACHER
You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 15 racing bikes per week at a retail price of $659.99. Recently, you put the bikes on sale at $599.99. At the sale price, 18 bikes were sold during the one week sale.
(a)
What was your markdown percent on the bikes? (Round your answer to one decimal place.)
%
(b)
What is the percent increase in number of bikes sold during the sale?
%
(c)
How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) 257,391.1
$ more revenue
(d)
As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.)
Yes, permanent markdown increases revenue significantly.No, permanent markdown decreases revenue significantly. No, permanent markdown does not change revenue.
1.
[–/6 Points]DETAILSBRECMBC9 8.I.014.MI.SA.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.
Tutorial Exercise
A wholesaler sells a guitar for $1,210.40. What is the percent markup based on cost if the wholesaler paid $680 for the guitar? 82.41
Step 1
Recall the retailing equation below where M is the markup amount, SP is the selling price, and the cost C is the amount the retailer pays for an item.
M = SP − C
The wholesaler paid $680 for a guitar and then sells it for $1,210.40. Therefore, the cost is
C =
and the selling price is
SP = .
Find the markup amount of the guitar (in $).
|
M |
= |
SP − C |
|
|
= |
$ |
2.
[–/2 Points]DETAILSBRECMBC9 8.I.002.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
|
Item |
Cost |
Amount of Markup |
Selling price |
Percent Markup Based on Cost |
|
Bookcase |
$41.40 |
$24.50 |
$ |
% |
3.
[–/2 Points]DETAILSBRECMBC9 8.I.004.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
|
Item |
Cost |
Amount of Markup |
Selling price |
Percent Markup Based on Cost |
|
Dress |
$95.00 |
$ |
$ |
80% |
4.
[–/2 Points]DETAILSBRECMBC9 8.I.008.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
|
Item |
Cost |
Amount of Markup |
Selling price |
Percent Markup Based on Cost |
|
Treadmill |
$ |
$970.00 |
$2,325.00 |
% |
5.
[–/1 Points]DETAILSBRECMBC9 8.I.012.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
A clothing store sells scarves for $18.95. If the cost per scarf is $11.50, what is the amount of the markup (in $)?
$
6.
[–/4 Points]DETAILSBRECMBC9 8.I.019.MI.SA.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.
Tutorial Exercise
A wholesaler requires a markup of 35% based on cost for merchandise sold. What should the selling price of a watch be if each watch costs $90?= 121.5
The selling price of an item, SP, is found as follows where C is the cost the retailer pays for an item and
%MCOST
is the percent markup.
SP = C(100% + %MCOST)
The percentages must be converted to decimal form before this formula can be used. The wholesaler requires a markup of 35% so the cost of the watch C will be multiplied by
100% + 35% = %.
Converting this percent to a decimal gives .
7.
[–/1 Points]DETAILSBRECMBC9 8.I.021.MI.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
A customer just paid $69.56 for a raincoat. If the percent markup based on cost is 48%, what was the cost (in $)?
$
8.
[–/10 Points]DETAILSBRECMBC9 8.III.019.MI.SA.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.
Tutorial Exercise
The wholesale cost of a birdcage is $55. The original markup was 47% based on selling price. Find the final sale price (in $) after the following series of price changes: a markdown of 15% and a markup of 14%. (Round each intermediate selling price to the nearest cent.)
sale price =$100.55
Step 1
When solving a series of markups and markdowns, remember that each new markup or markdown should be based on the previous selling price. The original selling price, SP0, must be found before applying the markup or markdown. This is calculated as follows where C is the wholesale cost and %MSP is the percent markup based on the selling price.
SP0 =
|
C |
|
100% − %MSP |
The percentages must be converted to decimal form before this formula can be used. The wholesaler used a markup of 47% based on the selling price. Thus, the cost the customer paid, SP, will be divided by
100% − %MSP = 100% − 47% = %.
Converting this percent to a decimal gives .
9.
[1/1 Points]DETAILSPREVIOUS ANSWERSBRECMBC9 8.III.TB.015.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
The wholesale cost of a Digital Sound system is $1,650. The original markup was 62% based on selling price. Find the final sale price after the following series of price changes: a markup of 16%, a markup of 45%, and a markdown of 30%. (Round each intermediate selling price to the nearest cent.)
$3,147.19$3,601.35 $5,036.85$5,112.40
72.75
S
ubmit Answer
S
ave Progress
7.45
S
ubmit Answer
S
ave Progress
Click here to begin!
S
ubmit Answer
S
ave Progress
90.35
123.1
90.35
47
S
ubmit Answer
S
ave Progress
Click here to begin!
S
ubmit Answer
S
ave Progress
S
ubmit Answer
100.55
S
ave Progress
47
S
ubmit Answer
S
ave Progress
S
ubmit Answer
S
ave Progress
65.90
57
S
ubmit Answer
S
ave Progress
S
ubmit Answer
S
ave Progress
9
20
59.2
23,404.22
Click here to begin!
S
ubmit Answer
$680
$1,210.40
82.40
S
ubmit Answer
65.9
59.2
S
ubmit Answer
S
ave Progress
76
171
S
ubmit Answer
S
ave Progress
1355
71.6