Videos: Markups and Markdowns
1. Arizona computers marks up merchandise by 25%.
- If a laptop costs $500 how much would it sell for?
- A desktop sells for $750, how much did it cost?
- The company had total sales of $150,000 for the month. Calculate the Cost of Goods Sold and Gross Profit and Percent Margin.
- 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.
- What rate of markup do they use?
- If the company had profits of $600,000 what was their cost of goods sold?
- If operating expenses are 5% of sales what is the net profit for part (b)?
- The most recent shipment of bags had a cost of $270,000. What was the selling price?
