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Section 8.2

Markup on SELLING PRICE. Section 8.2. Formula for % Markup based on SELLING PRICE. % Markup = Amount of Markup on selling price Selling Price The cost is $35 and the selling price is $39.99. Find: A) the AMOUNT of Markup and B) the % Markup on Selling Price.

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Section 8.2

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  1. Markup on SELLING PRICE Section 8.2

  2. Formula for % Markup based on SELLING PRICE • % Markup = Amount of Markup on selling price Selling Price • The cost is $35 and the selling price is $39.99. Find:A) the AMOUNT of Markup and B) the % Markup on Selling Price

  3. The cost of a 2-piece exercise suit is $13.50 and the selling price is $19.99. Find (A) the amount of markup, (B) the % of markup on selling price and (C) the % of cost on selling price.

  4. The manager of a golf pro shop wants a 15% markup on selling price so that she can have a markup of $13.50 on a golf club. How much can she afford to pay for each club?

  5. The selling price of a three-pack of tennis balls is $3.95, and the markup is 25% of selling price. Find the markup.

  6. What is the markup on a sleeping bag if the cost is $40.80 and the markup is 32% of selling price?

  7. The cost of a scooter is $45 and it sells for $59.99. Find (A) the % of markup on cost and (B) the % of markup on selling price.

  8. Converting % Markup on Cost to % Markup on Selling Price: • To get % markup on Selling Price, DIVIDE: • % markup on COST 100% + % markup on COST

  9. Convert a markup of 100% on cost to a markup on selling price • Convert a markup of 23% on cost to a markup on selling price.

  10. Converting % markup on SP to % markup on Cost To get markup on Cost, DIVIDE: • % markup on Selling Price 100% - % markup on Selling Price

  11. Convert a markup of 40% on selling price to a markup on cost. • Convert a markup of 25% on selling price to a markup on cost.

  12. The Cookie Jar bakes 80 dozen cookies at a cost of $1.08 per dozen. If a markup of 60% on selling price is needed and 10% of the cookies remain unsold and will be donated, find the selling price per dozen cookies.

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