{"id":1239,"date":"2021-05-17T16:45:22","date_gmt":"2021-05-17T20:45:22","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/?post_type=chapter&#038;p=1239"},"modified":"2021-06-29T18:59:53","modified_gmt":"2021-06-29T22:59:53","slug":"videos-markups-and-markdowns","status":"web-only","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/chapter\/videos-markups-and-markdowns\/","title":{"raw":"Videos: Markups and Markdowns","rendered":"Videos: Markups and Markdowns"},"content":{"raw":"[embed]https:\/\/www.youtube.com\/watch?v=maIQufbu3u8[\/embed]\r\n\r\n1. Arizona computers marks up merchandise by 25%.\r\n<ol type=\"a\">\r\n \t\r\n\r\n \t<li>If a laptop costs $500 how much would it sell for?<\/li>\r\n \t<li>A desktop sells for $750, how much did it cost?<\/li>\r\n \t<li>The company had total sales of $150,000 for the month. Calculate the Cost of Goods Sold and Gross Profit and Percent Margin.\r\n\r\n\r\n[embed]https:\/\/www.youtube.com\/watch?v=25X6idZxv4I[\/embed]<\/li>\r\n\r\n \t<li>The company is having a sale where all goods are marked down by 10% of their selling price.\u00a0 If a tablet is on sale for $200 how much did it cost?<\/li>\r\n<\/ol>\r\n&nbsp;\r\n\r\n[embed]https:\/\/youtu.be\/ioJfCWfmJnA[\/embed]\r\n\r\nQ2 ArgCo Fine Handbags prices its product to give a 40% margin.\r\n<ol type=\"a\">\r\n \t<li>What rate of markup do they use?<\/li>\r\n \t<li>If the company had profits of $600,000 what was their cost of goods sold?<\/li>\r\n \t<li>If operating expenses are 5% of sales what is the net profit for part (b)?<\/li>\r\n \t<li>The most recent shipment of bags had a cost of $270,000.\u00a0 What was the selling price?<\/li>\r\n<\/ol>\r\n[embed]https:\/\/youtu.be\/s7l_7iFN8hI[\/embed]","rendered":"<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Business Math Lesson 2: Markups and Markdowns, part 1\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/maIQufbu3u8?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>1. Arizona computers marks up merchandise by 25%.<\/p>\n<ol type=\"a\">\n<li>If a laptop costs $500 how much would it sell for?<\/li>\n<li>A desktop sells for $750, how much did it cost?<\/li>\n<li>The company had total sales of $150,000 for the month. Calculate the Cost of Goods Sold and Gross Profit and Percent Margin.\n<p><iframe loading=\"lazy\" id=\"oembed-2\" title=\"Business Math Lesson 2: Markups and Markdowns, part 2\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/25X6idZxv4I?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/li>\n<li>The company is having a sale where all goods are marked down by 10% of their selling price.\u00a0 If a tablet is on sale for $200 how much did it cost?<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-3\" title=\"Business Math Lesson 2: Markups and Markdowns, part 3\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/ioJfCWfmJnA?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Q2 ArgCo Fine Handbags prices its product to give a 40% margin.<\/p>\n<ol type=\"a\">\n<li>What rate of markup do they use?<\/li>\n<li>If the company had profits of $600,000 what was their cost of goods sold?<\/li>\n<li>If operating expenses are 5% of sales what is the net profit for part (b)?<\/li>\n<li>The most recent shipment of bags had a cost of $270,000.\u00a0 What was the selling price?<\/li>\n<\/ol>\n<p><iframe loading=\"lazy\" id=\"oembed-4\" title=\"Business Math Lesson 2: Markups and Markdowns, part 4\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/s7l_7iFN8hI?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"author":883,"menu_order":6,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1239","chapter","type-chapter","status-web-only","hentry"],"part":3,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/1239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/users\/883"}],"version-history":[{"count":11,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/1239\/revisions"}],"predecessor-version":[{"id":3457,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/1239\/revisions\/3457"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/parts\/3"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/1239\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/media?parent=1239"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapter-type?post=1239"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/contributor?post=1239"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/license?post=1239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}