1. Complete the following grid. Submit your answers in a grid/table. Cost $88.00 $2,386.27 $4.78 Markup $1.29 $3.29 $4.62 Retail $108.00 $3.87 $3,800.00 $4.00 $0.39 $5.00 Round percentages to one decimal place, and dollars to two decimal places. Percentage of Retail Markup 48.2% 64.5% 78.2% Percentage of Cost Markup 48.2% 158% 100%

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter18: Cost-volume-profit Analysis (cvp)
Section: Chapter Questions
Problem 2R: Open the file CVP from the website for this book at cengagebrain.com. Enter the formulas where...
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1. Complete the following grid. Submit your answers in a grid/table.
Cost
$88.00
$2,386.27
$4.78
Markup
$1.29
$3.29
$4.62
Retail
$108.00
$3.87
$3,800.00
$4.00
$0.39
$5.00
Percentage of Retail
Markup
48.2%
64.5%
78.2%
Percentage
of Cost
Markup
48.2%
158%
100%
Round percentages to one decimal place, and dollars to two decimal places.
2. What is the cumulative markup percent on three groups of towels when 100 towels are bought at $10.00,
200 towels are bought at $11.50, and 300 towels are bought at $12.00? Each towel retails at $20.00.
3. What is the markdown price of a $20 item that has been marked down 35 percent? What is the price when a
20 percent markdown is taken on the mark-down price? What is the price when a 20 percent markdown is
taken on the second markdown price? What is the price when the item is marked 50 percent off the original
price? Or 75 percent off?
Transcribed Image Text:1. Complete the following grid. Submit your answers in a grid/table. Cost $88.00 $2,386.27 $4.78 Markup $1.29 $3.29 $4.62 Retail $108.00 $3.87 $3,800.00 $4.00 $0.39 $5.00 Percentage of Retail Markup 48.2% 64.5% 78.2% Percentage of Cost Markup 48.2% 158% 100% Round percentages to one decimal place, and dollars to two decimal places. 2. What is the cumulative markup percent on three groups of towels when 100 towels are bought at $10.00, 200 towels are bought at $11.50, and 300 towels are bought at $12.00? Each towel retails at $20.00. 3. What is the markdown price of a $20 item that has been marked down 35 percent? What is the price when a 20 percent markdown is taken on the mark-down price? What is the price when a 20 percent markdown is taken on the second markdown price? What is the price when the item is marked 50 percent off the original price? Or 75 percent off?
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ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning