1Simple Simons bakery in downtown Abbotsville bakes approxim

1.Simple Simon’s bakery in downtown Abbotsville bakes approximately 200 pies a week. Each pie costs $5.40 to make and is marked up 75% on cost. What is the selling price per pie

2. Mandy Moore sells office furniture and is paid strictly on commission. She receives a 1.25% commission on all sales that she makes. Mandy’s goal for a gross yearly salary is $60,000. How much does she have to sell in order to receive the salary of $60,000?

3. The membership in the Kingsford Beach tennis club has increased by 21% from last years count to 575 members. How many members were there last year?

4. At Upscale Dress in downtown Tulsa a winter parka is selling for $189.99 after a 19% reduction from the original price. What was the original price?

5. The wholesale price of Brewer’s gourmet coffee has increased 35 percent. The increase brought the price up to $15 per pound. How much was the original wholesale price per pound?

Solution

1) Cost × (1 + Markup) = Sale price

$5.40*(1+0.75) = $5.40*(1.75) = $9.45

2) 1.25% commission means salary of $1.25 on sell of $100

for salary of $1 = $(100/1.25) = $80 sell

for salary $60,000 = $(80*60,000) = $4,800,000 sell

3) last year(1 + 0.21) = 575

last year members = 575/1.21 = approx 475

4) original price (1-0.19) = 189.99

original price = 189.99/0.81 = $234.555555556

5) original (1+0.35) = $15

original = $15/1.35 = $11.1111111