Calculate the regular selling price of the desk

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Question 1 - The cost of a desk lamp to a store is $125. The store's overhead expenses are 25% on cost and the operating profit is 20% on selling price.

a. Calculate the regular selling price of the desk lamp.

b. Calculate the rate of markup on selling price.

Question 2 - A furniture retailer paid $649 for a desk. The retailer's operating profit is 22% on selling price and the overhead expenses are 13% on cost.

a. Calculate the regular selling price of the desk.

b. Calculate the rate of markup on selling price.

Question 3 - A store sells humidifiers for $67.50 each. The store's operating expenses are 40% on cost and the operating profit is 20% on selling price.

a. Calculate the cost of a humidifier.

b. Calculate the rate of markup on cost.

Reference no: EM132461704

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