1, A computer assembly firm purchases computer parts at $225 per computer. The operating expenses are 28% on cost and rate of markup is 60% on cost.

a. What is the selling price of each computer?

Round to the nearest cent

b. What is the operating profit per computer?

Round to the nearest cent

2, Rolf's Golf store sells golf balls for $30 per dozen. The store's overhead expenses are 27% of cost and the owners require a profit of 21% of cost.

a. How much does Rolf's Golf store buy the golf balls for?

$

per dozen

Round to the nearest cent

b. What is the price needed to cover all the costs and expenses?

$

Round to the nearest cent

c. What is the highest rate of markdown at which the store will still break even?

%

Round to two decimal places

d. What markdown rate would price the golf balls at cost?

%

Round to two decimal places