Markup and markdown business math ppt

Instructions: Week 3 Individual Assignment Total Number of Questions - 10 Total Points: 6 1. You have ten problems - one on each tab of this Excel file. 2. Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell. The instructor will then know where you made a mistake and provide you valuable feedback and partial credit (if appropria back and partial credit (if appropriate). Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price. Amount Cost + Markup = Sell Price % ch is a 58% markup Ronin Copies marks up signs that sell for $49. The markup is 80% based on the selling price. What is the cost and the amount of markup of a sign? Amount Cost + Markup = Sell Price % Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was priced at $398, find the amount of markdown and the reduced price. Amount Original SP ‒ Markdown = New Price % Fresh Food Market pays $0.25 per pound for 300 pounds of apples. On average, 5% of the apples will spoil before they sell. Find the selling price per pound needed to obtain a 180% markup on cost. Unit Price Quantity Cost =Unit Price*Quantity Amount % Cost + Markup = Sell Price Proportion to spoil Proportion to be sold Pounds expected to sell Selling Price per pound =1- Proportion to spoil =Proportion to be sold*Quantity =Selling Price/Pounds expected to sell Find the net price of the PC software SystemWorks that lists for $70 and has a discount rate of 12%. Use the system of complements. List Price Trade Discount % Net Price Rate Net Price =1-Trade Discount% =Net Price Rate*List Price Dylan Murphy currently receives a trade discount series of 5/10/10 on merchandise purchased from a furniture company. He is negotiating with another furniture manufacturer to purchase similar furniture of the same quality. The first company lists a dining room table and six chairs for $1,899. The other company lists a similar set for $1,800 and a trade discount series of 5/5/10. Which deal is better? 5/10/10 5/5/10 List Price 1st Trade Discount 2nd Trade Discount 3rd Trade Discount Net Decimal Equivalent (don't round) Net Price (using Net Decimal Equivalent) =(1 - 1st Trade Discount)*(1 - 2nd Trade Discount)*( =(List Price)*(Net Decimal Equivalent) Single Discount Equivalent (don't round) Trade Discount $ Net Price (using Trade Discount) =1 - Net Decimal Equivalent =(List Price)*(Single Discount Equivalent) =(List Price - Trade Discount $) nt)*(1 - 2nd Trade Discount)*(1 - 3rd Trade Discount) PlumbingStore.com buys one model of tankless water heater that has a list price of $395. The trade discount is 18%. What is the trade discount and net price of the heater? List Price Trade Discount % Net Price Rate Net Price =1-Trade Discount% =Net Price Rate*List Price Federated Department Stores received an invoice dated April