Question: Calculate the missing values and express your answers rounded to two decimal places. Cost Amount of Markup Selling Price Rate of Markup on Cost Rate

Calculate the missing values and express your answers rounded to two decimal places.

	Cost	Amount of Markup	Selling Price	Rate of Markup on Cost	Rate of Markup on Selling Price
a.			$300.00	25.00%	%
b.	$60.00			%	28.00%

B)Standard Appliances obtains refrigerators for $1,490 less 26% and 7%. Standard's overhead is 20% of the selling price of $1,565. A scratched demonstrator unit from their floor display was cleared out for $1,195.

a. What is the regular rate of markup on cost?

Round to two decimal places

b. What is the rate of markdown on the demonstrator unit?

Round to two decimal places

c. What is the operating profit or loss on the demostrator unit?

Round to the nearest cent

d. What is the rate of markup on cost that was actually realized?

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