What percent of the sale price is the markup

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Reference no: EM132191978

1. The selling price for a raincoat is $141.03. What percent of the sale price is the markup if the cost of the raincoat was $55? Round to the nearest whole percent. Do not enter the percent symbol in your answer.

2. 1300 pounds of rutabagas were purchased at $0.25 per pound. The desired markup is 33% based on cost, but 19% spoilage is expected. What should the selling price per pound be? (Note: Round your answer to the nearest cent.)

3. The spoilage rate on a shipment of 200 pounds of apples is expected to be 22%. They were puchased at a cost of $0.34 per pound. What should the selling price per pound be to achieve a markup of 38% based on selling price? (Note: Round your answer to the nearest cent.)

Reference no: EM132191978

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