Show:
RETAIL PRICE
INITIAL MARKUP
COST PRICE
MARK-DOWN
RETAIL AS A % OF COST
100
Set up this equation: Markup + = Cost, Retail Price
cost+markup=Retail Price
100
set up this equation: initial markup - = Retail price, Cost
retail price - cost = initial markup
100
set up this equation: - cost = Retail, Markup
retail-markup=cost
100
set up this equation: - sale price = Markdown, Retail
Retail - sale price = markdown
100
set up this equation: (IM%) + = Retail Price, (Cost) x Cost
(Cost x IM%) + Cost = Retail price
200
what is the retail price of a candy bar if it costs .35 and has a .30 markup?
$.65
200
what is the markup of if an item retails for $16 and costs the business $10
$6
200
if an item retails for $15 and carries a $6.50 markup what is the cost?
$8.50
200
if an item originally retailed for $20 but sold for $16, what is the markdown?
$4
200
If an item costs $13 and the store used a 30% markup on all items, what will the retail price of the item be?
(13 x .30) + 13 + $16.90
300
What is the definition of Retail Price
Price at which merchandise is offered to customers
300
What is the definition of initial markup?
difference between original retail price and the cost of the merchandise
300
What is the definition of Cost Price?
cost of merchandise paid by a business to a manufacturer or wholesaler
300
What is the definition of Mark-down?
amount that merchandise is reduced from the retail price
300
What is the definition of retail as a % of Cost
The amount of money for which the company that produces a product recommends that it be sold in stores
400
what is the retail price of a candy bar if it costs $0.99 and has a .32 markup?
$1.31
400
what is the markup of if an item retails for $54 and costs the business $37
$17
400
if an item retails for $87 and carries a $8.50 markup what is the cost?
$78.50
400
if an originally retailed for $48 but sold for $42, what is the markdown?
$6
400
If an item costs $25 and the store used a 30% markup on all items, what will the retail price of the item be?
$32.50