1.Alicia, a florist, buys and sells flowers at her store. She purchases roses at $2.75 each, has operating expenses of 21% on cost, and has profits of 85% on cost. Calculate the following.

a. Desired profit per rose:

Round to the nearest cent

b. Amount of markup:

Round to the nearest cent

c. Selling price:

Round to the nearest cent

d. Rate of markup on selling price:

2. Samantha buys sculptures from Toronto and sells them in her studio in Vancouver. She purchases the sculptures from a gallery in Toronto for $1,000, less discounts of 25% and 6%. Her overhead expenses are 10% on the cost and she would like to make a profit of 45% on the cost of the sculptures. Calculate the following:

a. Regular selling price of the sculptures.

Round to the nearest cent

b. Samantha's profit or loss if she offers a markdown of 19%.

Round to the nearest cent

c. Maximum markdown rate Samantha can offer to sell at break-even price.

%

Round to two decimal places

3. A store in Vancouver has operating expenses of 30% of the selling price and the operating profit is 15% of the selling price. During a sale, their watches were marked down by 50%. What is the profit or loss at the sale price if they purchased the watches at $364 each?

Express the answer as a positive number for profit and negative number for loss, rounded to the nearest cent

4. Courtney imported a product and marked it up by 65% of the cost. The amount of markup was $645.

a. What was the selling price of the product?

Round to the nearest cent

b. What was the markup as a percentage of the selling price?

%

Round to two decimal places

5. If the markup on an item is 40.00% of its selling price, calculate the markup as a percentage of the cost of the item.

%

Round to two decimal places

6. Jacob, a dentist, buys and sells specialized toothpaste in her office. She purchases the toothpaste at $1.50 per box, has operating expenses of 16% on cost, and has profits of 70% on cost. Calculate the following.

a. Desired profit per unit:

Round to the nearest cent

b. Amount of markup:

Round to the nearest cent

c. Selling price:

Round to the nearest cent

d. Rate of markup on selling price:

%

Round to two decimal places