Multiple choice

1. Markup = $60; Rate of markup based on cost = 85%. a. Find the cost b. Find the selling price. +60/.85 = $70.59 cost

2. 19 decorative enamel balls cost $11.77 each and are marked up $9.33. a. Find the selling price for each one. b. Find the total amount of margin or markup for the 19 balls. 

11.77+9.33 = 21.10 Selling price

3 A sofa costs $371 and sells for $593.60, which is 160% of the cost. a. The rate of markup is ___% b. The markup is $___ 

4. What is the cost of a sink that is marked up $179 if the markup rate is 65% based on the cost? The cost is $___