1) A small manufacturer produces refrigerators and sells them to local appliance stores. It cost $430 to produce a refrigerator and the manufacturer marks its refrigerators up 70% on cost. What price would the manufacturer charge local appliance stores for their refrigerator?

2) A small company has a 60% markup based on Selling Price, which translates into a $54 markup. The company is charging __________ for its product?

3) A small business owner is doing some calculations for a new line of souvenir tee-shirts. The selling price will be $36 per shirt. The labor cost will be $6 per shirt, rent on the store building is $40,000 per year, employee salaries are $106,500 per year, and business insurance is $20,000 per year, and the cost of materials will be $12 per shirt. The company will need to sell __________ tee-shirts to breakeven.

4) A small company makes and sells a unique type of chair to local furniture stores for $55. Rent on the manufacturing plant is $2,000 and employee salaries are $6,000. The labor cost per chair is $5 and cost of materials is $10 per chair. Using breakeven analysis, determine what should be the price of a chair if the company needs to start making a profit after selling 50 chairs?