Danilo and his wife operate a restaurant where they sell all their

meals for $15.00 each. The markup on each meal is $5.00 and overhead expenses are 20.00% of selling price.
a. How much does it cost them to make each meal?
b. What is their operating profit per meal?


Lynn and Kim own two competing convenience stores. Both of them purchase a similar shipment of chocolate bars for $3,200.00 every month to sell at their stores. Lynn has a rate of markup of 45.00% on cost of her chocolate bars and Kim has a rate of markup of 35.00% on selling price of her chocolate bars.
a. Which store sells the shipment of chocolate bars for a cheaper price?
b.  How much cheaper are the chocolate bars?


Ammount of markup=$60 Rate of markdown=6% Reduced Selling Price ($ Reduced Selling Price ($ cost ? Selling price ? Rate of Markup on cost (%)? Rate of Markup on Selling Price (%)? Amount of Markdown ($)?

cost $180.25 Rate of markup on cost 35.00% Rate of markdown 18.00%