1) Find the equivalent markup. Round to the nearest tenth of a percent.

Markup on cost: 49.7%

Markup on selling price: ?

2) If the markup percent based on retail price is 25%, what is the markup percent based on cost price?

3) The Galerie d'Art paid $136.80 for a limited edition Graux print. The original selling price was $177.84, but this was marked down 26% to make room for incoming pieces. If operating expenses are 25% of cost, find the operating loss and the absolute loss. Round dollar amounts to the nearest cent.

4) The Jewelry store priced its entire stock of sterling silver at $1,151. The original price was $2,083. Find the percent of markdown on the original price. Round to the nearest whole percent.

5) A retailer bought a set of plates for RM500. During the sales of this set of plates, operating expenses incurred were 10% of the cost price. If the retailer made a 25% net profit based on cost, find

a)The retail price,

b)The gross profit,

c)The net profit,

d)The breakeven price,

e)The maximum markdown that could be offered to customers so that there was no profit or loss,

f)The net profit or loss if the retail price was RM600