Name: ID: A 10. Summerplace, an amusement park, sells purified water in plastic bottles to guests for $1.10 cach. The nark purchases the drinks for $0.22 cach. What is the markup rate based on cost? a. 200% c. 350% b. 300% d. 400% 11. OGD Electronics Store buys digital cameras from the manufacturer at $193.55. It then marks them up 125% of the cost. What is the selling price you will find when you visit the store? a. $290.33 c. $485.21 b. $435.49 d. $541.29 12. At the Lira Store for Girls, socks are on sale this week for $1.29 a pair. The regular selling price is $1.79 a pair. What is the markdown rate? a. 13.8% b. c. 55.8% 27.9% d. 72.0%