\begin{tabular}{|c|c|c|c|c|} \hline Item & Cost & Markup & Selling Price & Markup Percentage \\ \hline 1 & $10.45 & $10.49 & & \\ \hline 2 & $72.16 & $73.3 & & \\ \hline 3 & $0.75 & $0.71 & & \\ \hline 4 & $4.35 & $4.35 & & \\ \hline 5 & & $82.88 & $166.00 & \\ \hline 6 & & $12.58 & $25.75 & \\ \hline 7 & & $0.51 & $1.00 & \\ \hline 8 & & $2.56 & $5.25 & \\ \hline 9 & $12.51 & & $25.00 & \\ \hline 10 & $2.34 & & $4.69 & \\ \hline 11 & $71.25 & & $142.99 & \\ \hline 12 & $0.25 & & $0.59 & \\ \hline \end{tabular} 1. Recreate the table above using your google sheet. 2. Calculate the following: a. Find the selling price by adding cost and markup. 2 Points b. Find the cost by subtracting markup from selling price. 2 Points c. Find the markup by subtracting cost from selling price.2 Points d. Find the markup percentage by dividing markup by cost. 2 Points 3. After completing the google sheet document, answer the questions (Interpreting Results) on the attached google docs 1. Which product will have the highest markup? Which will have the lowest? 2 Points 2. Which product will have the highest markup percentage? Which will have the lowest? 2 Points 3. Will the products that have the highest markups necessarily produce the greatest profit for the entrepreneur? 2 Points 4. What kind of impact will market prices have on the selling price an entrepreneur establishes for his/her products? Why? 2 Points \begin{tabular}{|c|c|c|c|c|} \hline Item & Cost & Markup & Selling Price & Markup Percentage \\ \hline 1 & $10.45 & $10.49 & & \\ \hline 2 & $72.16 & $73.3 & & \\ \hline 3 & $0.75 & $0.71 & & \\ \hline 4 & $4.35 & $4.35 & & \\ \hline 5 & & $82.88 & $166.00 & \\ \hline 6 & & $12.58 & $25.75 & \\ \hline 7 & & $0.51 & $1.00 & \\ \hline 8 & & $2.56 & $5.25 & \\ \hline 9 & $12.51 & & $25.00 & \\ \hline 10 & $2.34 & & $4.69 & \\ \hline 11 & $71.25 & & $142.99 & \\ \hline 12 & $0.25 & & $0.59 & \\ \hline \end{tabular} 1. Recreate the table above using your google sheet. 2. Calculate the following: a. Find the selling price by adding cost and markup. 2 Points b. Find the cost by subtracting markup from selling price. 2 Points c. Find the markup by subtracting cost from selling price.2 Points d. Find the markup percentage by dividing markup by cost. 2 Points 3. After completing the google sheet document, answer the questions (Interpreting Results) on the attached google docs 1. Which product will have the highest markup? Which will have the lowest? 2 Points 2. Which product will have the highest markup percentage? Which will have the lowest? 2 Points 3. Will the products that have the highest markups necessarily produce the greatest profit for the entrepreneur? 2 Points 4. What kind of impact will market prices have on the selling price an entrepreneur establishes for his/her products? Why? 2 Points
