Problems 1. An appliance retailer purchased a small vacuum cleaner for $38.00. He plans to add a 45% markup and resell. What will be the retail selling price for the vacuum cleaner? (2 pts) 2. If a retailer sells an oriental vase for $210.99. What was his markup if he bought the vase for $122.00 from the wholesaler (Value 3 pts) - Markup in actual dollars - Markup (as a % of cost price) - Markup (as a % of selling price) According to our textbook, typically, wholesalers and retailers use markup which is expressed as a % of for convenience. Select the correct choice: A cost price B. selling price