1. The cost of a cellphone is $150.

The markup percentage is 30%.

What is the selling price of the cellphone?

2. The cost of a shirt is $30.

The selling price of a shirt is $50.

What is the markup percentage based on cost?

What is the markup percentage based on price?

3. The break-even point of a small boutique sweater shop is 1,000 items of clothing.

The selling price of each sweater is $50.

The variable cost of each sweater is $25.

What is the fixed cost of the boutique sweater shop?