Math Problem Solver

1- An Apple iPod sells for $299, whichis marked up 40% of the selling price.The cost of the iPod is:A)$186.88 B) $179.40C) $119.6 D) $213.572-Gap sells jeans that cost $21.00 for a

selling price of $29.95. The percentmarkup based on cost is:A) 42.62% B) 70.12%C) 29.88% D) 142.62%12-243- Bill's Furrier marks up mink coats$3,000. This represents a 50% markup

on cost. What is the cost of the coats?

A) $1,500 B) 6,000C) 4,500 D) 9,0004- Red Jeans Inc. sells jeans that cost$16.55 for a selling price of $35.99. Thepercent markup based on cost is:A) 117.46% B) 45.98%C) 54.02% D) 217.46%12-255- Straub's Bakery makes 200 Danishcakes that cost $2.70 each. Straub's

needs a 66% markup on cost and

normally discards 10% of what it makes.

At what price should Straub's sell the

Danish cakes?

A) $4.02 B) $4.98

C) $4.84 D) $4.68

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6-computer sells for $995, which ismarked up 35% of the selling price. Thecost of the computer is:A) $1,343.25 B) $737.04C) $348.25 D) $646.757-J.C. Penney sells a Timex watch for$139.99 that cost $89.97. J.C. Penney'spercent markup based on the sellingprice is:A) 55.60% B) 155.60%C) 35.73% D) 64.73% 12-278- A local True Value Hardware Store marksits goods up 38% on cost. If a snow blowercost True Value $400, the selling price would

be:

A) $645.16 B) $552.00

C) $648.00 D) $1,052.63

9-Jay King, owner of a local Bed and Bath

store, knows that his customers will pay at

most $299 for a blow-up bed. Assuming Jaywants a 40% markup on the selling price,the most he could pay the manufacturer forthe blow-up bed is:A) $213.57 B) $119.60B) C) $186.88 D) $179.40 12-2810-Ski Market sells snowboards. SkiMarket knows that the most people willpay for the snowboards is $129.99. Ski

Market is convinced that it needs a 45%

markup based on cost. The most that

Ski Market can pay to its supplier for

the snowboards is:

A) $71.49 B) $83.86

C) $89.65 D) $87.65

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11- Zales bought a tea set for $1,400. Zaleswants to mark up the set 55% of the sellingprice. The selling price of the tea set shouldbe:A) $2,030.00 B) $2,170.00C) $3,111.11 D) $2,545.4512- At the end of the summer, Walgreensadvertised blow-up pools for 66% off theregular price. Jeff Jones saw a pool with aregular price of $49.99. The dollar

markdown is:

A) $37.31 B) $32.99

C) $30.11 D) $17.00

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13- Fathers' Day suits were advertised for

35% off the regular price. A suit regularly

sells for $210. The amount of themarkdown is:A) $63.00 B) $136.50C) $73.50 D) $155.5614- Camille Keegan sells lamps for$105.55 that cost her $75.00. Camille'spercent markup based on the sellingprice is:A) 71.06% B) 28.94%C) 40.73% D) 140.73%12-3115- Mr. Small, the store manager forJay's Appliance, is having a difficult timeplacing a selling price on a refrigeratorthat cost $410. Mr. Small knows his boss

would like to have a 45% markup based

on cost. The selling price should be:

A) $745.45 B) $911.11

C) $594.50 D) $635.50

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16-Belle's Bake Shop makes croissants

that cost $1.75 each. Past experienceshows that 10% of the croissants willspoil and have to be discarded.Assuming Belle wants a 45% markupbased on cost and produces 300croissants, each croissant should sellfor:A) $3.01 B) $3.54C) $2.45 D) $2.8212-3317-An Apple iPad sells for $699.00 on

eBay. The markup is 30% on cost. What

is the seller's cost?

A) $537.69 B) $489.30

C) $908.70 D) $489.50

18-A wooden duck with a regular selling

price of $125.99 is marked down to$79.99. The percent markdown is:

A) 57.51% B) 36.51%

C) 63.49% D) 42.49%

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19- A local Dot Dress Shop is selling a

suit for $99. Because of changing styles,the first markdown was 8% and secondmarkdown was 25%. The suit still did notsell, so a final markdown of 10% wastaken. The sale price is currently:A) $68.31 B) $69.23C) $56.43 D) $61.4812-3520- Jackie Smith, a customer of RogerBlank, will pay only $190 for a tennis

racket. Assuming Roger works on a

60% markup on the selling price, the

most Roger will pay the manufacturer

is:

A) $76.00 B) $114.00

C) $135.71 D) $118.75

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21- A video game sells at Arnolds for

$14.99. Arnolds marks the game up at40% of the selling price. The cost of thevideo game to Arnold is:A) $6.00 B) $8.99C) $9.37 D) $10.7122- Kohl's sells watches that cost it$6.95 for a selling price of $39.99. Whatis the percent markup on cost? (Round tothe nearest tenth percent.)A) 17.4% B) 82.6%C) 575.4% D) 475.4%12-37. A local Dunkin' Donuts makesblueberry muffins that cost $.69

each. Past experience shows that

15% of the muffins will spoil and

have to be discarded. Assuming that

this shop wants a 30% markup based

on cost and produces 200 muffins,

each muffin should sell for:

A) $.90 B) $1.16

C) $1.50 D) $1.06

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Macy's Department Stores markup

men's cologne 63% on cost for an 8-

ounce bottle. A bottle of cologne costs

Macy's $23.00. What is the selling pricefor the 8-ounce bottle?A) $31.51 B) $37.49C) $36.51 D) $62.1612-39Johnny Mac's Sporting Goods bought abaseball glove from Rawlings SportingGoods for $66.00. They want to mark

up the glove 70% on selling price. What

should Johnny's sell the glove for?

A) $112.20 B) $85.80

C) $94.29 D) $220.00