1. An appliance retailer purchased a small vacuum cleaner for $38.00. He plans to add a 45% markup and resell. What will be the retail selling price for the vacuum cleaner? (2 pts)

2. If a retailer sells an oriental vase for $210.99. What was his markup if he bought the vase for $122.00 from the wholesaler

Markup in actual dollars ________

Markup (as a % of cost price) ________

Markup (as a % of selling price) ________

According to our textbook, typically, wholesalers and retailers use markup which is expressed as a % of ____________ for convenience.

Select the correct choice:

A cost price B. selling price