1.Standard Appliances obtains refrigerators for $1,580 less 29% and 9%. Standard's overhead is 17% of the selling price of $1,645. A scratched demonstrator unit from their floor display was cleared out for $1,230.

a. What is the regular rate of markup on cost? Round to two decimal places

b. What is the rate of markdown on the demonstrator unit? Round to two decimal places

c. What is the operating profit or loss on the demostrator unit?

d. What is the rate of markup on cost that was actually realized? Round to two decimal places

2.A computer assembly firm purchases computer parts at $220 per computer. The operating expenses are 20% on cost and rate of markup is 51% on cost.

a. What is the selling price of each computer?

Round to the nearest cent

b. What is the operating profit per computer?

Round to the nearest cent