Calculate Answers for the Following Scenarios

question 156

Essay

Calculate answers for the following scenarios:
a.
A set of measuring cups is sold for $2.50.The retailer added $.50 to the original cost.What is the markup percentage? Calculate your answer in terms of the price that retailers usually use in computing markups.
b.
The cost of a food blender is $40 and the retailer applies a markup of $60.What is the retail markup percentage? Calculate your answer in terms of the price that retailers usually use in computing markups.
c.
A retailer marks up all products by 20 percent.If a set of glasses costs the retailer $10,what will the final selling price be?
d.
A retailer marks up all products by 75 percent.If the selling price of a set of plastic bowls is $4,what was the cost to the retailer?

---

Definitions:

Mass Hysteria

A phenomenon where collective illusion of a threat spreads among a population, leading to fear and irrational behavior.

Tulipmania

A period in the Dutch Golden Age where contract prices for tulip bulbs reached extraordinarily high levels and then dramatically collapsed.

Asphyxiation

A condition arising from severely deficient supply of oxygen to the body that arises from abnormal breathing.

High Density Situations

Situations or environments where there is a high concentration of individuals in a given space, which can often lead to increased stress or social tension.