Mark-upPost Quiz

  1. Round the following numbers appropriately

$45.9876$96.754

$1234.789$67.980

29.898%132.567%

8.9998%1.2345%

  1. Convert the following percentages to decimals:

3%505%

53.6%26.9%

120%.05%

10%124%

176.99%1%

  1. Mile One buysshoes for $50.00 and sells them for $129.99. What is the cost amount?
  1. Mile One buysshoes for $50.00 and sells them for $129.99. What is the retail sales amount?
  1. Mile One buysshoes for $50.00 and sells them for $129.99. What is the markup amount? (show work)
  1. Mike Tighebought a items for $2897 and sold it for $4788. What is the
    markup amount? (show work)
  1. Claires Boutique buys jewelry for $10 and is going to mark it up by 115%. How much is the retail price? (show work)
  1. You bought a book for $18 and the suggested retail price is for a 45% markup. What is the retail price?
  2. Miss Me Jeans Inc. sells jeans that cost $54.99 for a retail price of $109.99. The percent markup on cost is what? Show your work.
  1. PeteSmith knows his goods are marked up 42percent higher than the cost. If an xbox costs Pete $245, the selling price would be: (show work)
  1. Bee Paul, store manager for Jay’s Appliance, is having a difficult time placing a selling price on a plasma television that costs $400. Bee knows his boss would like to have a 65 percent markup on cost. The selling price should be: (show work)
  1. A desktop computer was originally selling for $400. Due to changing models, the first markdown was 20 percent and the second markdown 15 percent. The computer still did not sell so a final markdown of 15 percent was taken. The sale price is currently:
  1. You had a good year on jackets. You purchased 205 and want to sell 30% more next year. How many jackets will you buy?
  1. You have a hoody you are selling for $60 that cost you $37.50. What is the mark up rate based on cost for the computer? (show work)
  1. You have a phone you are selling for $110, it cost you $55. What is the markup rate based on retail price? (show work)