Solve the following situations (markups based on cost): 1. Irene Westing bought a desk for $800 from an office supply house. She plans to sell the desk for $1,200. What is Irene's dollar markup? What is her percent markup on cost? Check your answer. 2. Suki Komar bought dolls for her toy store that cost $14 each. To make her desired profit, Suki must mark up each doll 38% on cost. What is the dollar markup? What is the selling price of each doll? Check your answer. 3. Jay Lyman sells calculators. His competitor sells a new calculator line for $16 each. Jay needs a 42% markup on cost to make his desired profit, and he must meet price competi- tion. At what cost can Jay afford to bring these calculators into the store? What is the dollar markup? Check your