Question: END-OF-CHAPTER PROBLEMS connect 8 Check figures for odd-numbered problems in Appendix B. Name Date DRILL PROBLEMS Assume markups in Problems 8-1 to 8-6 are based

END-OF-CHAPTER PROBLEMS connect 8 Check figures for odd-numbered problems in Appendix B. Name Date DRILL PROBLEMS Assume markups in Problems 8-1 to 8-6 are based on cost. Find the dollar markup and selling price for the following problems. Round answers to the nearest cent. LU 8-1(1, 2) Item Cost Markup percent Dollar markup Selling price 8-1. Bell and Ross watch $2,000 30% 8-2. Burberry men's watch $425 200% Solve for cost (round to the nearest cent): LU 8-1(3) 8-3. Selling price of office furniture at Staples, $6,000 Percent markup on cost, 40% Actual cost? 8-4. Selling price of lumber at Home Depot, $4,000 Percent markup on cost, 30% Actual cost? Complete the following: LU 8-1(1) Cost Selling price Dollar markup Percent markup on cost* 8-5. $15.10 $22.00 8-6. $4.70 102.17% *Round to the nearest hundredth percent Assume markups in Problems 8-7 to 8-12 are based on selling price. Find the dollar markup and cost (round answers to the nearest cent): LU/8-2(1, 2) Item Selling price Markup percent Dollar markup Cost 8-7. Sony LCD TV $1,000 45% 8-8. Canon scanner $80 30%

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