Part A
Oceanside Biking is a retail bicycle store. For last year's summer racing season, Oceanside purchased one new model of racing bike to use in a special promotion. The bicycles cost $325.50 each. For the promotion, Oceanside's markup was 30% of the selling price. Find the selling price and the dollar markup. Do not round intermediate computations. Round your final answers to the nearest
Selling Price$_______
Dollar Markup$_______
Part B
Patio World, a volume discount store, purchased a large quantity of cedar picnic chairs for $74.25 each. Seating pads were included in the price. To sell the chairs and pads quickly, the store priced the chairs at $135 each. Compute the dollar markup and the markup percent based on selling price.
Dollar Markup$______
Markup Percent_______%