PLEASE SHOW WORK

1. A supplier has 75 units of a product they wish to sell to a regional grocery chain. The product would cost $6.00 per unit. To obtain a 40% initial margin, what price should the buyer place on the product?

2. . A local clothing store is carrying a new line of merchandise. Included in this new line is a coat which costs $40 and retails for $80. What is the markup % on this coat?

3. For the 4^th of July, a large discount chain sells packages of red, white, and blue steamers for $3.00. Of 10,000 streamers, 8,500 sell at the original price, while the rest were marked down to $2.50 and 1,000 sold at that price. The last 500 sold at $1.50 each. What were the markdown dollars? What was the markdown percent?