Reference no: EM133002860

Part 1. Cask'n'Cork wine shop has a markup rate of 12.9% on cost. What price will the shop charge for a bottle of wine that costs $18.60? Round the answer to the nearest cent if necessary.

Find Selling Price = $ ?

Part 2. What is the wholesale price of an item, if the retail price is $45 and the amount of markup is $9? Find Wolesale price =$ ?

Part 3. Victoria bought a bracelet at original cost $12 to sell in her handicraft store. The markup was 40% on selling price.

a) Find the selling price.

b) Find the amount of the markup.

Part 4. A shirt was originally priced at $55. The store is having a 45% sale.

a) How much will you pay for the shirt after the discount (not including tax)?

b) Find Reduced selling price = $ ?
Part 5. Pet Value paid $107 for a dog bed. Expenses are 16% of selling price and the required profit is 17% of selling price. Round ALL answers to the nearest cent if applicable.

a) What is the regular selling price?

b) What is the break-even selling price?

c) During an inventory sale, the dog bed was marked down 30% on the regular selling price. What is the sale price?

d) What is the operating profit or loss during the inventory sale (use a negative sign (-) for a loss)?

Part 6. Pet Value paid $64 for a dog bed. Expenses are 23% of cost and the profit is 24% of cost. Round the answers to the nearest cent if necessary.

a) What is the regular selling price?

b) To help clear inventory, the dog bed was sold at break-even during a sale. What is the break-even selling price?

Part 7. The Cook's Paradise paid $127 for a kitchen knife set. Expenses are 18% of cost and the profit is 20% of cost.

a) What is the regular selling price?

b) If the knife set is sold at cost, what is the resulting profit or loss? (Use a negative sign (-) if there is a loss.)