Steve's Cash n' Carry purchased 80 pencil cases at $6.50 each and marked them up by 25% on cost and sold 75% of the pencil cases at the regular selling price. During a sale, it sold the remaining pencil cases after a markdown of 10%. Calculate the following:

a. Total cost of the pencil cases.

b. Total sales of the pencil cases at the two different prices. C. Net amount of markup.

d. Net rate of markup based on total cost.

AppendixLO1