103) A software company (ABC) bought 150 units of software XYZ, paying $1500 for the lot. ABC estimated its operating expenses for this product to be 12% of the cost (on cost price) and wanted a net profit of 14% of the cost (total cost). What's the retail selling price? A) $ 12.37 B) $12.60 C) $12.77 D) $ 17.00 E) None of the above 104) Due to fierce competition in the shoe industry the sale price of an item cannot be increased. The sale price of this item is $550. If the shoe store owner feels she needs a mark-up on price of 25 percent to cover her expenses and return a reasonable profit, what is the maximum she can pay for this item? A) $515.63 B) $412.50 C) $335.45 D) $137.50 E) $103.12 105) Company BlueOcean's total sales of 1,000 units are $400,000. The company uses markup on cost of 25%. What is the markup as percentage of price? A) 27% B) 25% C) 23% D) 20% E) None of the above 106) A sports equipment store sells a cricket bat at a mark-up of 25% of the selling price. The store's margin on that cricket bat is $25. What was the cost of that bat to the store? A) $100 B) $75 C) $50 D) $25 E) None of the above.