prequiz qrb 501

due in 1 hour

16. cost=$34, selling price= $40. find the rate of markup based on the selling price. the rate of markup is ?

17. an item is marked up $14. the markup rate based on selling price is 62%

A. find the selling price

b. find the cost

round to the nearest cent

18. an item sells for $64 and is reduced to sell for $56. find the markdown amount and the rate of markdown. the markdown amount is?

19. selling price = $750; reduced (new) price=400. find the markdown amount and the rate of markdown. the markdown amount is?

20. an item sells for 5,230 and costs $3,420. what is the rate of markup based on selling price? round to the nearest tenth of a percent. the rate of markupbased on selling price is?