Question

-REI offers a men’s soft-shell waterproof jacket for $199.95. If the jackets cost $1943.52 per dozen, find (a) the markup, (b) the percent of markup on selling price, and (c) the percent of markup on cost. Round to the nearest tenth of a percent.

-A motorcycle originally priced at $13,875 is marked down to $9990. Find the percent of markdown on the original price.

-Leslie’s Pool Supply, a retailer, pays $285 for a diving board. The original selling price was $399, but it was marked down 40%. If operating expenses are 30% of cost, find (a) reduced price (b)the operating loss and (c) the absolute loss.

Answer 1