Prev rent 4.pdf 2 12 157% BUS1100_Business Math_Assignment 4 8. Christine's pet shop buys cat litter for $15.00 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20 % of cost. a) For how much should a bag be sold? b) Calculate the amount of markup. Markdown 9. A bike shop reduces the price of a bike for quick sale from $455.00 to $395.00. Compute the markdown correct to the nearest of 1% 100 10. A furniture store sold a bed regularly priced for $990.00 for $720.00. The bed was originally purchased for $600.00 less 40%. The store's overhead is 25% of the regular selling price. a) Calculate the rate of markdown at which the bed was sold. b) Calculate the operating profit or loss at the sale price tv s 21 10. A furniture store sold a bed regularly priced for $990.00 for $720.00. The bed was originally purchased for $600.00 less 40%. The store's overhead is 25% of the regular selling price. a) Calculate the rate of markdown at which the bed was sold. b) Calculate the operating profit or loss at the sale price