1. A ladies specialty shop buys merchandise for $20 and sells it for $35. What is the markup% (at retail)?

2. A retailer purchases appliances for $10 and desires a 40% MU at retail. What should the retail

price be?

3. A belt shop requires a minimum markup for 40% at retail on leather belts. If the store owner feels that a line of leather belts should retail for $50.00 each based on past history and competition, what is the maximum price he or she will pay per belt?