Hummelbrunner Business Math [chapter 6]Discounts and Markup/Markdown

Question 4 A retailer purchased monitors from a wholesaler for a net price of $442.00 each. The retailer then sold the monitors to consumers $629.00 each. (4 marks) a) What was the rate of markup as a percent of cost? b) What was the rate of markup as a percent of selling price? Question 5 A clothing store purchases a shipment of sweaters at a cost of $43.62 each. The store has overhead expenses of 58% of cost and a normal profit of 40% of cost. What regular selling price should the store charge consumers for a sweater? (2 marks)