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MAT 120 Sample Quiz

1. The worksheet shown below is being used to model a problem where the wholesale price and the markup rate are given and the retail price is to be determined. What would be entered into each cell if the wholesale price is $399.99 and the markup rate is 35%?

Worksheet

C2:
C3:
C4:

2. The worksheet shown below is being used to model a problem where the retail price and the sales tax are given and the final cost to the customer is to be determined. What would be entered into each cell if the retail price is $149.99 and the sales tax rate is 6%?

Worksheet

B3:
B4:
B5:

3. The worksheet shown below is being used to model a problem where the retail price and the discount rate are given and the sale price is to be determined. What would be entered into each cell if the retail price is $79.95 and the discount rate is 15%?

Worksheet

B1:
B2:
B3:

Answers