Marketing and math

1. The retail price of a coffee mug is $10.99 and the cost is $6.50. What is the percentage markup based on cost price? 2. An electric sander costs $59.74, and its markup is $23.25. Find its percentage markup on cost price. Calculate the retail price of the sander. 3. Find the retail price and dollar markup for a handmade sweater that costs the Cashmere Closet store $90 and a 40% on retail. 4. A suit that sells for $225 is to be marked down 40%. What is its new price? 5. a) Fiore & Co., an innovative furniture store, buys modern tables from the manufacturer for $849 and them to the customer for $2,799. What markup % does Fiore & Co. use to determine the selling price of these tables. b) Suppose the manufacturer decides to raise the cost of their tables to $1,050. Fiore & Co. total costs are as follows: . Inventory $1,050.00