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1. Selling price=$850; reduced (New) price=$500. Find the markdown amount and the rate of markdown.

Part 1 The markdown amount is $.

Part 2 The rate of markdown is %.

2. An item is originally priced to sell for $75 and is marked down 20%. A customer has a coupon for an additional 25%. What is the total percent reduction and the final selling price?

The total percent reduction is%

The final selling price is $.

3. Steven found a bicycle with an original price tag of $349 but it had been reduced by 35%. What is the amount of markdown and the sale price?

The markdown is $. (Round to the nearest cent as needed.)

The new selling price is $. (Round to the nearest cent as needed.)

4. A ladies' suit selling for $145 is marked down 25% for a special promotion. It is later marked down 5% of the sale price. Since the suit still hasn't sold, it is marked down to a price that is 65% off the original selling price. What are the two sale prices of the suit? What is the final selling price of the suit?

The first sale price is $. (Round to the nearest cent as needed.)

The second sale price is $. (Round to the nearest cent as needed.)

The final selling price is $. (Round to the nearest cent as needed.)

5. Part 1 Paul's Grocery received 1,000 pounds of onions at $0.13 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a markup rate of 180% based on cost.

The selling price per pound is $. (Round to the nearest cent as needed.)

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