BCIS
Review Mark up pricing.docx

# Review Mark up pricing.docx - Mark-up Problems For each...

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Mark-up Problems For each question, please show your calculations. Calculations must be neat, organized, and easy to follow. No credit will be given for answers without evidence of calculations. Problem set 1 Please show your calculations for each of the problems. No credit will be given for answers without calculations. (2 points) A local grocery store buys ketchup for \$3.25 a bottle. The grocer desires a return on sales of 15 percent. What is the retail price of a bottle of ketchup? (2 points) A local drugstore store marks up a bottle of shampoo 25%. The retail price of a bottle of shampoo is \$4.50. What is the cost the drugstore store paid for the bottle of shampoo to the manufacturer? (3 points) A pet store pays \$14 for a bag of dog food. It sells the bag of dog food at a retail price of \$20. What is the return on sales for the dog food? (2 points) A shoe store uses keystone markup pricing. It pays \$35 for a pair of shoes. What is the retail price of the shoes?

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Problem set 2 For each question, please show your calculations. Calculations must be neat, organized, and easy to follow. No credit will be given for answers without evidence of calculations. (2 points) A flat screen TV is purchased at a cost of \$825 from the manufacturer. The store desires a return on sales of 35 percent. What is the retail price of the flat screen TV?
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• Spring '17
• Steven Gauna

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