1. Complete the following grid. Submit your answers in a grid/table. Cost $88.00 $2,386.27 $4.78 Markup $1.29 $3.29 $4.62 Retail $108.00 $3.87 $3,800.00 $4.00 $0.39 $5.00 Round percentages to one decimal place, and dollars to two decimal places. Percentage of Retail Markup 48.2% 64.5% 78.2% Percentage of Cost Markup 48.2% 158% 100%
1. Complete the following grid. Submit your answers in a grid/table. Cost $88.00 $2,386.27 $4.78 Markup $1.29 $3.29 $4.62 Retail $108.00 $3.87 $3,800.00 $4.00 $0.39 $5.00 Round percentages to one decimal place, and dollars to two decimal places. Percentage of Retail Markup 48.2% 64.5% 78.2% Percentage of Cost Markup 48.2% 158% 100%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![1. Complete the following grid. Submit your answers in a grid/table.
Cost
$88.00
$2,386.27
$4.78
Markup
$1.29
$3.29
$4.62
Retail
$108.00
$3.87
$3,800.00
$4.00
$0.39
$5.00
Percentage of Retail
Markup
48.2%
64.5%
78.2%
Percentage
of Cost
Markup
48.2%
158%
100%
Round percentages to one decimal place, and dollars to two decimal places.
2. What is the cumulative markup percent on three groups of towels when 100 towels are bought at $10.00,
200 towels are bought at $11.50, and 300 towels are bought at $12.00? Each towel retails at $20.00.
3. What is the markdown price of a $20 item that has been marked down 35 percent? What is the price when a
20 percent markdown is taken on the mark-down price? What is the price when a 20 percent markdown is
taken on the second markdown price? What is the price when the item is marked 50 percent off the original
price? Or 75 percent off?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5d2bbc4-dbf6-4565-ae37-ed9e014b8c21%2F9d159231-260e-42ce-bd65-2f9557dd9fa2%2Frbk8ife_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Complete the following grid. Submit your answers in a grid/table.
Cost
$88.00
$2,386.27
$4.78
Markup
$1.29
$3.29
$4.62
Retail
$108.00
$3.87
$3,800.00
$4.00
$0.39
$5.00
Percentage of Retail
Markup
48.2%
64.5%
78.2%
Percentage
of Cost
Markup
48.2%
158%
100%
Round percentages to one decimal place, and dollars to two decimal places.
2. What is the cumulative markup percent on three groups of towels when 100 towels are bought at $10.00,
200 towels are bought at $11.50, and 300 towels are bought at $12.00? Each towel retails at $20.00.
3. What is the markdown price of a $20 item that has been marked down 35 percent? What is the price when a
20 percent markdown is taken on the mark-down price? What is the price when a 20 percent markdown is
taken on the second markdown price? What is the price when the item is marked 50 percent off the original
price? Or 75 percent off?
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