# Math Help - Mark up problems

1. ## Mark up problems

Good Day,

I am struggling with these three math problems and I am hoping someone can help me out. I am currently taking a self direct course and the book has horrible examples and the teacher doesn't help at all.

the ST problem is:

The rate of markup on the cost of a toaster selling at 54.95 is 45%
A. What is the cost of the toaster to the retailer?
B What is the rate of markup on cost?

ND Problem is:

If the rate of markup on selling price of lettuce in a grocery store is 60%, what is the rate of markup on cost?

3rd problem is:

Workers World bought 250 pairs of rubber boots at $15 per pair. The manager applies a 90% rate of markup on cost when pricing footwear. What is the operating profit per pair if overhead expenses work out on average to be 20% of the selling price? 2. Originally Posted by Crys Good Day, I am struggling with these three math problems and I am hoping someone can help me out. I am currently taking a self direct course and the book has horrible examples and the teacher doesn't help at all. the ST problem is: The rate of markup on the cost of a toaster selling at 54.95 is 45% A. What is the cost of the toaster to the retailer? B What is the rate of markup on cost? ND Problem is: If the rate of markup on selling price of lettuce in a grocery store is 60%, what is the rate of markup on cost? 3rd problem is: Workers World bought 250 pairs of rubber boots at$15 per pair. The manager applies a 90% rate of markup on cost when pricing footwear. What is the operating profit per pair if overhead expenses work out on average to be 20% of the selling price?
The retailer is the one selling the toaster. He's not gonna charge himself more money, so the answer to 1-a is 54.95. 1-b is simply 45%, because this is the rate of markup