7. for the following please figure out the percentage or money amount: a.The percent markup on a tricycle is known to be 22% based on selling price. If the seller paid $23.50 for one, then what would be the corresponding percent markup based on the cost? (Round to the nearest tenth percent.) 28.2% 32.0% 51.7% 71.8% b.A jet ski that previously sold for $5,399.99 has been reduced to $3,401.99. What is the markdown percent? (Round your answer to one decimal place.) % c. At a red-tag sale, all items with red tags have been marked down by 49%. What should be the sale price of a DVD player having a red tag, if the presale price was $232.95? $114.15 $118.80 $183.95 $208.45 d.A dress is currently on sale for $52.49. If the markdown percent is 22%, what was the original price to the nearest cent? $64.04 $67.29 $68.38 $75.59
7. for the following please figure out the percentage or money amount: a.The percent markup on a tricycle is known to be 22% based on selling price. If the seller paid $23.50 for one, then what would be the corresponding percent markup based on the cost? (Round to the nearest tenth percent.) 28.2% 32.0% 51.7% 71.8% b.A jet ski that previously sold for $5,399.99 has been reduced to $3,401.99. What is the markdown percent? (Round your answer to one decimal place.) % c. At a red-tag sale, all items with red tags have been marked down by 49%. What should be the sale price of a DVD player having a red tag, if the presale price was $232.95? $114.15 $118.80 $183.95 $208.45 d.A dress is currently on sale for $52.49. If the markdown percent is 22%, what was the original price to the nearest cent? $64.04 $67.29 $68.38 $75.59
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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7. for the following please figure out the percentage or money amount:
a.The percent markup on a tricycle is known to be 22% based on selling price. If the seller paid $23.50 for one, then what would be the corresponding percent markup based on the cost? (Round to the nearest tenth percent.)
28.2%
32.0%
51.7%
71.8%
b.A jet ski that previously sold for $5,399.99 has been reduced to $3,401.99. What is the markdown percent? (Round your answer to one decimal place.)
%
c.
At a red-tag sale, all items with red tags have been marked down by 49%. What should be the sale price of a DVD player having a red tag, if the presale price was $232.95?
$114.15
$118.80
$183.95
$208.45
d.A dress is currently on sale for $52.49. If the markdown percent is 22%, what was the original price to the nearest cent?
$64.04
$67.29
$68.38
$75.59
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7. a)
Data given:
Selling price= $23.50
Markup on selling price = 22%
Required:: Percent markup based on the cost =?
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