Dollar markup and markup percent based on selling price

Assignment Help Financial Accounting

Reference no: EM13862493

Part A

Oceanside Biking is a retail bicycle store. For last year's summer racing season, Oceanside purchased one new model of racing bike to use in a special promotion. The bicycles cost $325.50 each. For the promotion, Oceanside's markup was 30% of the selling price. Find the selling price and the dollar markup. Do not round intermediate computations. Round your final answers to the nearest

Selling Price$_______

Dollar Markup$_______

Part B

Patio World, a volume discount store, purchased a large quantity of cedar picnic chairs for $74.25 each. Seating pads were included in the price. To sell the chairs and pads quickly, the store priced the chairs at $135 each. Compute the dollar markup and the markup percent based on selling price.

Dollar Markup$______

Markup Percent_______%

Reference no: EM13862493

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