Questions from Business Mathematics

Q: Furniture Warehouse bought upright freezers for $1800 less 33 1 3

Furniture Warehouse bought upright freezers for $1800 less 33 1 3 % and 5%. The store’s overhead works out to 30% of cost. The freezers are initially priced so that a profit of 16 2 3 % cost will be r...

Q: Elite Sports sells Kevlar-graphite shaft hockey sticks for $147

Elite Sports sells Kevlar-graphite shaft hockey sticks for $147 each. Elite’s wholesale cost is $98. For a spring clearance sale, the prices are marked down by 20%. If overhead expenses are 15% of the...

Q: Morgan Photography’s markup on its antique picture frames is 35% of

Morgan Photography’s markup on its antique picture frames is 35% of selling price. Its cost on the medium-size antique frame is $115.70. For portrait photos shot by Morgan’s, this frame’s price is red...

Q: Hi-Lites Inc. purchased a ceiling light fixture for $

Hi-Lites Inc. purchased a ceiling light fixture for $480 less 40% and 25%. The fixture was then marked up by 120% of cost. Overhead expenses are 55% of cost. In an anniversary sale, Hi-Lites offered t...

Q: In February, Long Lake Nursery ordered lawn fertilizer at $18

In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 1 3 % , 12 1 2 % , and 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of markup on selling price. Op...

Q: A retailer pays $81 to a wholesaler for an article.

A retailer pays $81 to a wholesaler for an article. The retail price is set using a 40% rate of markup on selling price. To increase traffic to his store, the retailer marks the article down 20% durin...

Q: A bedroom suite costs Town & Country Furniture $5000 less 30

A bedroom suite costs Town & Country Furniture $5000 less 30% and 15%. The normal rate of markup on cost is 90%. The suite is marked down 30% in a mid-summer sale. What is the sale price?

Q: Comfort Shoes’ normal rate of markup on selling price is 45%.

Comfort Shoes’ normal rate of markup on selling price is 45%. What rate of markdown can the store offer on a pair of shoes normally priced at $140 and still realize a 20% rate of markup on cost at the...

Q: Draw graph each of the equations. −2x + y

Draw graph each of the equations. −2x + y = 0 over the range x = −3 to x = 6

Q: Express decimal and percent equivalent forms to five-figure accuracy.

Express decimal and percent equivalent forms to five-figure accuracy. -1 11 32