1.Jamie purchased a new printing machine and started a small printing shop. As per his calculations, to earn revenue of $6,500 per month, he needs to sell printouts of 25,000 sheets per month. The printing machine has a capacity of printing 36,500 sheets per month, the variable costs are $0.03 per sheet, and the fixed costs are $1,600 per month.

a. Calculate the selling price of each printout.

Round to the nearest cent

b. If they reduce fixed costs by $390 per month, calculate the new break-even volume per month.

Round up to the next whole number

c. Calculate the new break-even volume as a percent of capacity.

%

Round to two decimal places

2.The rate of markup on cost on a product selling at $61.61 is 43%.

a. What is the cost of the product to the retailer?

Round to the nearest cent

b. What is the rate of markup on selling price?

%

Round to two decimal places

3.A store purchased a shipment of goods for $85.00 per unit, on which it will charge a markup rate of 50.00% on the selling price. During a sale, the store marked the goods down by 45.00%.

a. Calculate the regular selling price of the goods.

Round to the nearest cents

b. Calculate the reduced selling price of the goods.

Round to the nearest cents

4. Tumble Company sells coats for $175.00 each. The variable costs per coat are $83.75 and the fixed costs per month are $47,000.00. How many coats must be sold to make a profit of $4,200.00 in a month?

5. Paige converted C$1,300.00 to Australian dollars at an exchange rate of C$1 : A$1.0099. How many Australian dollars did he receive for his Canadian dollars?

6.Skis are listed by a manufacturer for $850, less trade discounts of 35% and 17%. What further rate of discount should be given to bring the net price to $449?

7. Michelle, the owner of a hockey rink, received an invoice for $38,975 that had payment terms of 3.5/10, n/30. He made a partial payment of $1,360 during the discount period.

a. Calculate the amount credited.

Round to the nearest cent

b. Calculate the balance on the invoice after the partial payment was made.

Round to the nearest cent

8.A store in Vancouver has operating expenses of 30% of the selling price and the operating profit is 40% of the selling price. During a sale, their watches were marked down by 50%. What is the profit or loss at the sale price if they purchased the watches at $562 each?