Q1

The Cook's Paradise buys a kitchen knife set for $170 each less a 10% discount. Expenses are 22% of cost and the profit is 21% of cost.

a. What is the cost?

b. What is the amount of the expenses?

c. What is the amount of profit?

d. What is the selling price?

Round all answers entered below to two decimal places.

QUESTION 2:

Cost: 91$

% Markup Based on Selling Price: 35%

FIND THE FOLLOWING

Selling PRICE?

Markup Amount

% Markup Based on Cost

Q3

Home Hardware paid $54 for a particular type of drill. Expenses are 14% of selling price and the required profit is 22% of selling price. Round ALL answers to the nearest cent if applicable.

1) What is theregular selling price?

2) What is the break-even selling price

3)During an inventory sale, the drill was marked down 27% on the regular selling price. What is the sale price?

4)What is the operating profit or loss during the inventory sale (use a negative sign (-) for a loss)?