Business Math: Sales

American Eagle sells jeans for $49.99 after marking up the price by $13.50. What is the cost to American Eagle for the jeans?

• $38.12

• $37.42

• $35.55

• $36.49

Walmart buys toothbrushes for $1.15. They then sell them for $3.50. What is the markup rate based on selling price?

• 204%

• 67%

• 235%

• 33%

CVS sells cough drops for $6.75 per bag after marking them up $2.45.

What is the markup rate based on cost?

• 36%

• 64%

• 50%

• 57%

Home Depot pays $15.99 for a pack of nails. If they markup them up $9.80, what is the markup rate based on selling price?

• 38%

• 61%

• 63%

• 78%

Kingston Market sells milk for $2.85. It only costs them $0.99 to get into their store. What is the markup rate based on selling price?

• 188%

• 65%

• 35%

• 120%

A grocery store has a 20% markup based on cost on bottle of soda.  The bottle of soda costs the store $1.25. Find the selling price. Round to nearest cent if necessary.

• $1.56

• $1.50

• $0.25

• $6.25

A grocery store has a 20% markup based on selling price on bottle of soda.  The bottle of soda costs the store $1.25. Find the selling price. Round to nearest cent if necessary.

• $1.56

• $1.50

• $0.25

• $6.25

On December 25, Christmas's Day candy is marked down. If a large bag of snack-sized chocolate retailed for $12 and is on sale for $4.80, what is the markdown?

• $4.80

• 60%

• 40%

• $7.20

On December 25, Christmas's Day candy is marked down. If a large bag of snack-sized chocolate retailed for $12 and is on sale for $4.80, what is the markdown rate?

• $4.80

• 60%

• 40%

• $7.20

Cowen Photography purchases digital cameras for $385.50 each and sells them for $635.25. Cowen's overhead is 28% of the selling price of its merchandise. What is the net profit a digital camera?

• $74.93

• $249.75

• $141.81

• $71.88