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- Kindly answer numbers 1-3. Thank you!arrow_forwardA. Solve the following problems (round off 2 decimal places):1. A 32” LCD Television with a cost of ₱23,900 has a markup rate of 28%. Find theselling price.2. A manufacturer sells his notebooks for ₱39.75 and his cost in producing each notebookis ₱29.25. What is the markup?3. A certain product sold for ₱28,100 has aa 12% markup on cost. How much is the costof the product?4. The manager of a clothing store buys a jacket for ₱850 and sells the jacket for ₱1,207.Find the markup rate.5. If the percentage of cost markup is 23.4%, what would the percentage of selling pricemarkup be?arrow_forward. The income tax in a certain state is figured at 2 %of the first $1000, 3% of the next $2000, 4 %of the next $3000, and 5% thereafter. Find the tax on an income of $25,000.arrow_forward
- I. The Farmer’s Market buys 1,500 pounds of fresh bananas at a cost of $0.60 a pound. If a 15% spoilage rate is anticipated, at what price per pound should the bananas be sold to achieve a 50% markup based on selling price? Round to the nearest cent.arrow_forward10. Dunkin Donuts budgets 1/8 of its monthly profits on salaries. Salaries for the month were $12,000. What were Dunkin's monthly profitsarrow_forward3. An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was purchased for $40 000, find the value of the car 7 years from now.arrow_forward
- QUESTION 6 Katie owns a home valued at $129,900 in Syracuse, NY In 2017. Katie paid $2,254 in school taxes, which are based on home property values. What is the effective tax rate (to the nearest hundredth of a percent) for Katie's school taxes? %arrow_forward3. Graphic artist makes covers for paperback novels, the pay is $350 per cover. If the artist draws six covers in 48 hours, what is their approximate hourly rate to the nearest $10?arrow_forward1. State the appropriate formulae used in solving (i) and (ii) of this questions below. a. Determine how many rows are in the corner section of a stadium containing 3920 seats if the first row has 10 seats and each successive row has 6 additional seats? b. A new machine was purchased for $45,000. For tax purposes, the company depreciates the value by 5% annually. Determine the value of the value of the machine after 7 years of use?arrow_forward
- 3) A person with $100 has the money as a person with $500. A person with one penny has what fraction of the money of a person with $1,000,000?arrow_forwardLee earned $240 in the first week cutting grass, $350 in the second week, and $460 in the third week. What is the explicit formula to figure out Lee’s allowance for week ‘n’?arrow_forward1. Jing 1/4 spent of her money on a pack of pens, 1/2 of her money on a pack of markers, and 1/8 of her money on a pack of pencils. What fraction of her money is left?arrow_forward
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