Chapter 27 Pricing Math
Real-World Application
Pricing
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Directions Solve the following pricing math problems. Record your answers in
the spaces provided.
1. Determine the retail price for a calculator that a business wants to mark up $3.49 above
its cost of $6.50.
2. Determine the markup percentage based on both retail and cost for a hand-held hair
dryer that sells in the store for $17.95 and costs the business $10.77.
Chapter 27
3. Use the markup equivalents table to determine the markup percentage based on cost and
the retail price for a child's bicycle that cost the business $43.99 and has a markup on
retail of 331/3 percent.