Business mathematics

Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent. 1. A hair dryer is sold at wholesale for $12.50. If it is sold at retail with a markup of $7.25, what is the sales price? 2./ Castle Mountain Furniture sells desks for $346.00. If the desks cost $212.66, what is the amount of the markup? 3. After Sunset Food Wholesalers adds a markup of $15.40 to a case of tomato sauce, it sells for $33.98. What is the wholesaler's cost per case? 41 Wyatt's Western Wear purchases shirts for $47.50 each. A $34.00 markup is added to the shirts. a. What is the selling price? b. What is the percent markup based on cost? c. What is the percent markup based on selling price? 5. As the manager of Dollar Depot, calculate the amount of the markup and the percent markup based on selling price per case if these Softies products cost your store $5.60 per case of 12 boxes. 6. Saks Fifth Avenue purchases a bracelet for $57.20. If the store policy is to mark up all merchandise in that department 42% based on selling price, what is the retail selling price of the perfume? 7. The Carpet Gallery is looking for a new line of nylon carpeting to retail at $39.88 per square yard. If management wants a 60% markup based on selling price, what is the most that can be paid for the carpeting to still get the desired markup? 8. a. At The Luminary, the markup on a halogen light fixture is 50% based on selling price. What is the corresponding percent markup based on cost? b. If the markup on a fluorescent light fixture transformer is 120% based on cost, what is the corresponding percent markup based on selling price