1. The wholesale cost of a jacket is $75. The original markup was 59% based on selling price. Find the final sale price after the following series of price changes: a markdown of 40% and a markdown of 44%. (Round each intermediate selling price to the nearest cent.)
2. Find the percent markup based on cost if the percent markup based on selling price is 74%. Round to the nearest tenth percent.
Do not enter the percent symbol in you answer.
3. To manufacture a VCR, it costs $300. If the desired percent markup based on cost is 87%, how much should each VCR sell for?
4. 900 pounds of mangoes were purchased at $0.36 per pound. The desired markup is 14% based on cost, but 21% spoilage is expected. What should the selling price per pound be? (Note: Round your answer to the nearest cent.)
5. A sofa costs a company $1,050 to manufacture. If it sells for $1,480.50, what is the percent markup based on cost?
Do not enter the percent symbol in your answer.
6. A pickup truck costs a company $16,300 to manufacture. If it sells for $17,278, what is the percent markup based on cost?
Do not enter the percent symbol in your answer.
7. The markup on a piano is 87% based on cost to the seller. The current selling price is $4,862. How much did the seller pay for the piano?
8. A wholesaler requires a markup of 85% based on cost for merchandise sold. What should the selling price of a 4WD vehicle be if each 4WD vehicle costs $26,600?
9. You can buy a guitar on sale for only $501.49. What is the percent markdown if the original price was $589.99? Round to the nearest whole percent.
Do not enter the percent symbol in you answer.