CHAPTER 4  Objective 4.1  Exercises

Name: __________________

Score: __________________

Solve.

1. The manager of a sporting goods store uses a markup rate of 60%. What is the selling price of a set of golf clubs that cost $300? 

2. The cost to a furniture manufacturer for making a sofa is $320. The manufacturer then sells the sofa for $496. What is the markup rate?  

3. An answering machine that regularly sells for $85 is on sale for 28% off the regular price. Find the sale price.  

4. A jade necklace that regularly sells for $450 is on sale for 40% off the regular price. Find the sale price. 

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