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Quantitative Reasoning

D.An answering machine cost a dealer $ 220.00 less 31.5 %, 7 %. It is regularly priced at$ 212.00. The dealer's overhead is 17 % of the regular selling price and the answering machine was cleared out for $ 175.45.

a)What is the regular markup based on selling price? Round to the nearest100th.

b)What was the rate of markdown at which the answering machine was sold?Round to the nearest 100th.

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Quantitative Reasoning

9.A furniture store sold a bed regularly priced for $ 990.00 for $ 720.00. Thebed was

originally purchased for $ 600.00 less 40 %. The store's overhead is 25 % of the regular

selling price. Calculate the operating profit or loss at the sale price. Round to the nearest 100th.

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Quantitative Reasoning

8.A furniture store sold a bed regularly priced for $ 990.00 for $ 720.00. Thebed was

originally purchased for $ 600.00 less 40 %. The store's overhead is 25 % of the regular

selling price. Calculate the rate of markdown (as percentage to nearest100th) at whichthe hod was celd

the bed was sold.

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Quantitative Reasoning

47 %. For how much was the item sold? Approximate to the nearest 100th.

Z.The regular selling price of merchandise sold in a store includes a margin of62 % based

on selling price. During a sale, an item which cost the store $ 231.25 was marked down

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Quantitative Reasoning

S.A bike shop reduces the price of a bike for quick sale from $ 455.00 to $395.00.

a)Compute the markdown. Round to the nearest one.

b)Compute the markdown rate in percentage to the nearest 100th.

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Quantitative Reasoning

15.Hume's pet shop purchases cat litter for $ 15.00 less 20% per bag. The store's overhead is 45 %of cost and Hume requires a profit of 20 % of cost.

a)For how much should a bag be sold? Round to the nearest 100th.

b)Calculate the amount of markup. Approximate to the nearest 100th.

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Quantitative Reasoning

4.Karpov Dealers bought tires from a wholesaler at $ 75.00 dollars each and sold them at a mark-up of 25 % of cost.

a)Calculate the selling price of one tire. Approximate to the nearest 100th.

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Quantitative Reasoning

3.Find the cost of an item that was sold for $ 4230.00 in order to realize a margin of 113 %based on cost. Round to the nearest 100th.

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Quantitative Reasoning

2.Aronian Import received an invoice dated January 5 for a shipment of goods receivedJanuary 11. (a)The invoice was for $ 65525.00 less 8 % with terms 3/20R.O.G. How much

must Aronian Import pay on January 20th to reduce its debt by $3000.00? Round to the nearest 100th. (b)OPTIONAL (one bonus mark):What amount is Aronian still owing?

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Quantitative Reasoning

An invoice for $ 4755.00, dated 27 March, terms 3/10 E.O.M., was received29 March. What payment must be made on 10 April to reduce the debt to $ 1900.00? Round to the nearest 100th.

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