It costs 1,540 to manufacture a violin. If the violin sells for 1,905, what is the percent markup based on selling price? (Round to the nearest whole percent)
A) 19
B) 29
C) 38
D) 77
Q. 2You buy fishing gear costing 325. State taxes are 4.5 and the federal excise tax on this item is 13.25. What is the total purchase price? (Round your answer to the nearest cent if necessary)
A) 382.69
B) 337.13
C) 399.25
D) 3,755.00
Q. 3A purchaser just paid 48,727.27 for a Crossover vehicle. If the markup based on cost was 45, what was the cost of the crossover vehicle? (Round to the nearest whole dollar)
A) 21,927
B) 33,605
C) 26,800
D) 22,900
Q. 4You buy a bow and arrow costing 125. State taxes are 6.5 and the federal excise tax on this item is 13. What is the total purchase price? (Round your answer to the nearest cent if necessary)
A) 149.38
B) 133.13
C) 141.25
D) 125.00
Q. 5A purchaser just paid 32,352.94 for a pickup truck. If 49 was the seller's markup, based on the selling price, then what was the cost of the pickup truck? (Round to the nearest whole dollar)
A) 16,500.00
B) 15,852.94
C) 15,800.00
D) 16,000.00
Q. 6A trucking company buys 25,275 gallons of gasoline. The federal excise tax is 0.195 per gallon. Find the amount of excise tax due. (Round your answer to the nearest cent if necessary)
A) 4,928.63
B) 4,230.00
C) 4,142.00
D) 4,376.00
Q. 7A car broker purchased a sports car for 37,500. What selling price should be used, if the markup is supposed to be 32 based on selling price to the nearest dollar?
A) 46,300
B) 85,936
C) 46,200
D) 55,147
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