1.What is the selling price of a dining room set at Macys? Assume actual cost is $800 and 49% markup on selling price. (Round your answer to the nearest cent.)

2. Bari Jay, a gown manufacturer, received an order for 630 prom dresses from China. Her cost is $33 a gown. If her markup based on selling price is 69%, what is the selling price of each gown? (Round your answer to the nearest cent.)

3.Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $110 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost."

a. What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price? (Round your answer to the nearest hundredth percent.)

b.Is this a wise marketing decision?

4. Angies Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 7% of the cookies will crack and be discarded. Angie wants a 55% markup on cost and produces 100 cookies. What should Angie price each cookie? (Round your answer to the nearest cent.)