nstructions:

Complete each of the problems provided below. Once the worksheet has been completed, please save

and upload this worksheet for the Week 1 Assignment.

Upload the assignment as a

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only.

Important Note:

Show all math work used to arrive at your answers. This will help improve the quality of the feedback

provided to you.

1.

What is the final cost to a customer, if a business owner has listed the cost of a rifle at $129.99 and the markup is

$13.23?

.

2.If a business owner buys a product for $22.67, and sells the product for $42.99, what is the amount of the markup?

3.

A retail business is selling Product B at a retail price of $33.99. The markup for this product is $7.44.

What is the cost?

.

4.A retail business is selling Product C at a retail price of $44.99. The business owner pays $11.99 for the product.

What is the percent of the markup based upon cost? Round to the nearest tenth of a percent.

5.

A business owner pays $56.33 for Product E and sells this product at a 30% markup rate based on cost.

a.)

What is the amount of the markup?

b.)

What is the selling price of Product E?

6.

A retail store sells Product XYZ for a retail price of $15. The cost of this product is $9.

What is the rate

(percentage) of markup based on the selling price?

7.

A retail store has Product AB marked up $10 with a 25% markup rate based on the selling price.

What is the

a.)

cost and

b.)

selling price?

8.

A sporting goods store has Product XY for sale at $7.50 over cost. This is a 30% markup based on cost.

Find the

a.)

cost,

b.)

selling price of Product XY, and the

c.)

rate of the selling price

.

9.A retail store sells a Product EFG marked up 30% based on cost.

What is the markup rate based on selling price?

10.

A retail store originally sold Product B for $17. This product was marked down to sell for $11.

Find

a.)

the markdown and

b.)

the rate of markdown based on the selling price (to the nearest hundredth)

.

11.A retail store paid a wholesale price of $1,100 for a collection of knives to sell in the front display case.

On April 1, the collection was marked up 30% based on the cost.

On May 30, the collection was marked down 15% for a special promotion.

On June 15, the collection was marked up 20%.

On July 4, the collection was marked down 25% for a holiday sale.

What was the final selling price of the collection?

12.

A retailer has Product XYZ marked as 50% off.

This retailer also has an online coupon that reads:

"Take an additional 20% off any already reduced price."

a.)

How much will a customer pay for this product, if it was originally priced at $225?

b.)

What is the total rate of reduction?