CH. 8 worksheet

1. Draw the two "proportion pies\" for markup based on cost 2. Draw the two " proportion pies\" for markup based on selling price 3. Marshall's is selling Ralph Lauren pants with an MSRP of $125 for $39.99. What is the percent markdown on this item from the MSRP? 4. Suppose that Marshall's has a 90% markup based on cost. If they are selling an item for 24.99, how much did it cost them? 5. Suppose that Sam's Club has only a 60% markup based on cost. What is the dollar markup for a pot that cost the store $3.997 6. Suppose that Target has a markup of 80% based on selling price. If they are selling a shirt for $39.99, how much did the shirt cost them? 7. Walking through a secondhand CD store, I recall reading somewhere that they have an average 70% markup based on selling price. If I sold them my Def Leppard collection for $22.00, how much would they sell it for? 8. If a television selling for $448 is marked down 35%, what is the new selling price? 9. Suppose that we buy a diamond ring for $400 and mark it up 80% based on selling price. If it doesn't sell after 3 months, we mark it down 30%. What is the full price for the ring, and what is the reduced price after three months? 10. My father bought 200 lbs of pears for $.69 per pound. He needs to have a 60% markup on selling price, but expects 15% of the pears to spoil before they are sold. How much (per pound) should he sell the pears for