What is the percent markup based on cost

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1. Medical Supply Inc. sells a spinal screw for $625 to hospitals. If a 70% markup based on cost is added, what is the cost of the spinal screw?

2. A distributor of airplane components purchases wiring systems for $57.00 each. A $14.50 markup is added to the systems. a. What is the selling price? b. What is the percent markup based on cost? c. What is the percent markup based on selling price?

3. An electrical switch has a cost of $100.00 and a selling price of $160.99. a. What is the amount of markup on the switch? b. What is the percent markup based on cost? (Round your final answer to the nearest tenth.) c. What is the corresponding percent markup based on selling price? (Round your final answer to the nearest tenth.)

Reference no: EM132229973

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