Videos: Markups and Markdowns

1. Arizona computers marks up merchandise by 25%.

  1. If a laptop costs $500 how much would it sell for?
  2. A desktop sells for $750, how much did it cost?
  3. The company had total sales of $150,000 for the month. Calculate the Cost of Goods Sold and Gross Profit and Percent Margin.
  4. The company is having a sale where all goods are marked down by 10% of their selling price.  If a tablet is on sale for $200 how much did it cost?

 

Q2 ArgCo Fine Handbags prices its product to give a 40% margin.

  1. What rate of markup do they use?
  2. If the company had profits of $600,000 what was their cost of goods sold?
  3. If operating expenses are 5% of sales what is the net profit for part (b)?
  4. The most recent shipment of bags had a cost of $270,000.  What was the selling price?

Chapter Attribution

Video chapter in Business Mathematics by Chris Kellman, Leslie Major, Don Mallory, Frank Gruen, and Amy Goldlist shared under a CC BY-NC license.

 

License

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NSCC Business Math Copyright © 2023 by Nova Scotia Community College is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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