1- A local movie theater has a 231-seat capacity and charges a $10 per ticket. The tickets are always sold out. The manager is planning to raise the price by 30% and she feels that a higher price will generate more revenue. The elasticity of demand is given as 0.6 (assume downward sloping demand curve). What is the revenue generated after the 30% price increase? Write down the value without the $ sign.

2- The usual retail price of an item is $141. The manufacturer's cost to produce the item is $37. Retailers take a 40 percent markup and wholesalers take a 10 percent markup. What is the retailer's markup in dollars? Enter only the value without the $ sign.

3- The usual retail price of an item is $135. The manufacturer's cost to produce the item is $45. Retailers take a 48 percent markup and wholesalers take a 10 percent markup. What is the wholesale price? Enter only the value without the $ sign.

4- A gift shop owner purchases items to sell in her store. She purchases a chair for $ 149 and sells it for $ 215. Determine the mark-up PERCENTAGE on selling price. Enter only the value in the box below.

5- A gift shop owner purchases items to sell from her store. She purchases a chair for $ 104 and sells it for $ 225. Determine the mark-up PERCENTAGE on cost. Enter only the value in the box below.