1. An online store buys game consoles for $30 and sells them for $80. a. What is their dollar margin? b. What is their % margin? 2. A hair salon sells high end shampoo and conditioner for $15 per container, and makes a $10 margin. a. What is their cost? b. What is their % margin? 3. A software developer pays contract programmers $1 per line of code. They bill customers $2.50 per line of code. a. What is their $ margin? b. What is their % margin? 4. An artisan baker estimates his cost of each loaf of his organic French bread at $3.00. He wants to price at double his cost. a. What is his price? b. What is his % margin? C. What is the practice of doubling cost to obtain price called? 5. An industrial supply distributor who specializes in parts for production machinery buys a particular part for $100. The distributor wants to make a 27% margin. a. What price should the distributor charge? b. What would be their $ margin? 6. A pharmaceutical company's patented pain medication costs $25/1000 pills to manufacture. They make a 78% margin on the product when they sell it to hospitals. a. What is their price to hospitals? b. What is their $ margin? 7. A frozen pizza producer sells pies to convenience stores. The pies cost them $1.98 to manufacture. They make a $2.05 margin. The convenience stores bake them and sell them to customers for $4.95. a. What is the pizza producer's price to the convenience stores? b. What is the convenience store's cost? C. What is the convenience store's $ margin? d. What is the convenience store's % margin