Question 2 The cost to a distributor for a product is $20. The distributor sells the product for $65 to his customers. 1. What is the markup? Markup = $ 2. What is the markup based on the cost (expressed as a percentage)? Round the answer to two decimal places. Markup based on Cost = % Question 5 Pet Value paid $89 for a dog bed. Expenses are 11% of cost and the profit is 25% of cost. 1) What is the regular selling price? 2) If the dog bed is sold at cost, what is the resulting profit or loss? (Use a negative sign (-) if there is a loss.) $ Question 6 Jenna bought a bracelet at original cost $11 to sell in her handicraft store. The markup was 50% on selling price. a) Find the selling price. $ (Round to two decimal places if necessary.) b) Find the amount of the markup. $ (Round to two decimal places if necessary.)