Mark Up and Mark downs

1. Answer the following questions on Markups. (Value 5-1 mark each) All answer must contain two decimal places unless otherwise stated. a) Find the selling price for a Timmons solar-powered watch if the cost is $35.60 and the markup is 45% of cost. b) A cheese merchant buys a case of cheese for a listed price of $98.00 from a cheese distributor. Overhead is 18% of cost and profit is 62% of cost. For how much should the item be retailed? c) The retail selling price of a Kenmore Elite 21.6 cubic foot refrigerator is $1,399.75. If the markup is 25% of the cost, find the amount of the markup. d) To compete against other discount stores, Target sells a calculator for $38.99 that it buys for $10. Find the percent of markup on selling price? e) An employee at the Home Depot is told to calculate the selling price on a 6-pack container of tomato plants if the cost is $2.86 and the markup is 40% of selling price