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Assume markups in Problems 12-7 to 12-12 are based on selling price

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Assume markups in Problems 12-7 to 12-12 are based on selling price. Find the dollar markup and cost (round answers to the
nearest cent): LU 12-2(1, 4)
Item Selling price Markup percent Dollar markup Cost
12-7. SonyLCDTV = $1,000 45%
12-8. \IBMscanner $80 30%
Solve for the selling price (round to the nearest cent): LU 12-2(2) “Page 340
12-9. Selling price of a complete set of pots and pans at Walmart?
40% markup on selling price
Cost, actual, $66.50
12-10. Selling price of a dining room set at Macy’s?
55% markup on selling price
Cost, actual, $800