You have a hardware store that carries a line of small appliances. You decide to calculate your prices using the cost-based method with an 80%markup.
Determine the retail price for an ice cream maker that is wholesale priced at
$19.44. ***Remember to calculate the mark up then add to the wholesale price to
determine the retail price.***
Your answer
You decide to mark down your old stock 25 percent to make room for new
merchandise. Determine the markdown price for for a deep fryer retail priced at
$69.99. **Remember to calculate the markdown, then subtract it from the retail
price to determine the mark down price.***
Your answer