Question
1. Calculate the markup rate based on selling price for the following item. Round percents to the nearest whole percent. Cost Selling Price Markup Rate
1.
Calculate the markup rate based on selling price for the following item. Round percents to the nearest whole percent.
| Cost | Selling Price | Markup Rate | |
| $151.21 | $288.00 | % |
2.
Complete the following word problem.
What is the cost if the markup is 55% of the selling price and the selling price is $128? Round dollar amounts to the nearest cent. $
3. Complete the following word problem.
What is the cost of an item that sells for $130 and 60% markup is based on selling price? Round dollar amounts to the nearest cent. $
4. Complete the following word problem.
An item's selling price is $19.99 and the markup amount is $12.12. What is the cost? Round dollar amounts to the nearest cent. $
5. Complete the following word problem.
A lamp sells for $125.50 and costs $59.80. What is the markup rate based on selling price? Round percents to the nearest whole percent. %
6.
Calculate the selling price when cost and markup rate are based on selling price for the following item. Round dollar amounts to the nearest cent.
| Cost | Markup Rate | Selling Price | |
| $59.50 | 33% | $ |
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Patient Care Audit Criteria
Authors: Jean Gayton Carroll
1st Edition
0870943928, 978-0870943928
