1. Compute the SP and the markon of the items when the markon % is on
the SP.












2. Compute the markon and SP, when the markon % is on the cost.












3. An item is bought wholesale at $1.80 a pound and is to carry a markon of 33 1/3% on the cost.
(a) Markon is ______ a pound.4. Envelopes are invoiced at $4.50 a box and have a markon of 30% on the invoice price.
(b) SP is ______ a pound.
(a) Markon is _______ a box.5. Compute the markon and the SP, when the markon is on the cost.
(b) SP is _______ a box.
















6. Tables cost $245 and sell for $310.
(a) The amount of markon, or gain, is ________.7. Complete the following table. Assume the percent of gain or loss is based on the SP.
(b) The percent of markon, or gain, on the SP is ________.


(Gain or Loss) 













Career Applications
8. You are planning to purchase an automobile. One dealer offers a certain
new car for $6,895,
and a second dealer offers the same car for 5% above the cost of $6,558.
Your list of extras will cost $315 if you buy the first car and will cost
$485 less 40% if you buy the second car.
(a) What is the total price of the first offer? ______(b) What is the total price of the second offer?______
(c) Which is the better offer?________
(d) How much will you save by choosing the better offer? _______
ANSWERS to Checkpoint 8

22 










73 









This completes Section 3 (Units 78). If you score 85% or more on this Checkpoint please complete the Section 3 Review. If not, review this Unit and try the Checkpoint again before taking the Section Review. It might also be helpful to review the other Units within this Section as well.