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Difficulty medium slater chapter red jeans inc sells

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Difficulty: Medium Slater - Chapter 008 #27 33. Red Jeans Inc. sells jeans that cost \$16.55 for a selling price of \$35.99. The percent of markup based on cost is: A. 117.46 percent B. 194.44 percent C. 54.02 percent D. 37.07 percent E. None of these Difficulty: Medium Slater - Chapter 008 #37 34. J.C. Penney sells a Timex watch for \$139.99 that cost \$89.97. J.C. Penney's percent of markup based on the selling price is: Difficulty: Medium Slater - Chapter 008 #38 35. A local True Value Hardware Store marks its goods up 38% on cost. If a snowblower cost True Value \$400, the selling price would be: Difficulty: Easy Slater - Chapter 008 #39 36. A local Dot Dress Shop is selling a suit for \$99. Due to changing styles the 1 st markdown was 8% and second markdown 25 %. The suit still did not sell so a final markdown of 10% was taken. The sale price is currently:

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Difficulty: Medium Slater - Chapter 008 #47 37. Convert a 40% markup percent on cost to markup percent on selling price. (Round to nearest hundredth percent). 28.57% Difficulty: Medium Slater - Chapter 008 #63 38. Talbot's sells ladies sportcoats for \$99.99 that cost \$65.50. What is the percent markup on cost? Round to nearest hundredth percent. Verify the cost. 52.66% Difficulty: Hard Slater - Chapter 008 #69 39. Gross pay = hours worked rate per hour. TRUE Difficulty: Easy Slater - Chapter 009 #2 40. Straight piece rate pay provides a worker an incentive to produce more since pay is based upon number of units produced. TRUE Difficulty: Easy Slater - Chapter 009 #6 41. A person married will pay in more Social Security and Medicare tax than a single person. FALSE Difficulty: Medium Slater - Chapter 009 #19 42. The FICA Tax now requires separate reporting for Social Security and Medicare. TRUE Difficulty: Hard Slater - Chapter 009 #30 43. Social Security and Medicare tax: A. Have different rates
B. Is paid only by employees C. Is based on number of dependents not claimed D. Is paid by only the employer E. None of these Difficulty: Easy Slater - Chapter 009 #39 44. The percentage method aids in calculating: Difficulty: Medium Slater - Chapter 009 #41 45. Lee Wong is a sales clerk at Sears. She is paid \$8.00 per hour plus a commission of 4 percent on all sales. Assuming Lee works 39 hours and has sales of \$4,000, her gross pay is: Difficulty: Medium Slater - Chapter 009 #46

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