Questions from Business Mathematics

Q: Calculate the reduced price if an item costing $19.25

Calculate the reduced price if an item costing $19.25 is marked up by 35% of the selling price and then marked down by 25%.

Q: Garden Centre purchases lawnmowers from a wholesaler for $249 and marks

Garden Centre purchases lawnmowers from a wholesaler for $249 and marks them up by 25% of selling price. At the end of the summer, a scratched floor-display mower’s price is reduced to 10% above cost....

Q: Digital Devices plans to stop carrying the Casio FC-100 calculator

Digital Devices plans to stop carrying the Casio FC-100 calculator. It normally marks up the calculator from the $71.50 wholesale cost to the regular selling price of $99.95. 1. What is the normal rat...

Q: 1. Merchant A operates on a rate of markup on cost

1. Merchant A operates on a rate of markup on cost of 45%. If she later marks the price of a few items down to their cost in order to attract additional customers to the store, what rate of markdown c...

Q: Poles Apart obtains Nitro T1 snowboards at a cost of $345

Poles Apart obtains Nitro T1 snowboards at a cost of $345 and marks them up by 35% of the selling price. For its annual spring sale, Poles Apart marks down prices by 25%. What is the sale price of the...

Q: An item that cost $37.25 was marked up by

An item that cost $37.25 was marked up by 60% of cost. Later, the retail price was reduced to $41.72. If unit overhead expenses were 20% of cost, what was the unit operating profit at the reduced pric...

Q: The label on a single-serving can of soup states that

The label on a single-serving can of soup states that it contains 35% of an adult’s daily sodium intake. If the maximum recommended sodium intake is 2300 mg, how many grams of sodium need to be consum...

Q: Just Dresses sets its regular prices based on overhead expenses at 50

Just Dresses sets its regular prices based on overhead expenses at 50% of cost and an operating profit of 40% of cost. What will be the operating profit (as a percent of cost) for dresses sold at a 20...

Q: Water Sports Ltd. pays $360 less 25% for a

Water Sports Ltd. pays $360 less 25% for a backyard above-ground pool kit. Overhead expenses are 16 2 3 % of the regular selling price, and the operating profit is 15% of the selling price. 1. What is...

Q: A lawn mower retails for $349. The dealer’s overhead is

A lawn mower retails for $349. The dealer’s overhead is 25% of cost, and normal operating profit is 16 2 3 % of cost. 1. What is the largest amount of markdown that will allow the dealer to break even...