# Challenging Math Problems for Business

## Software Company Expenses Calculation

A software company (ABC) bought 150 units of software XYZ, paying $1500 for the lot. ABC estimated its operating expenses for this product to be 12% of the cost.

## Question 104:

What are the operating expenses for the software XYZ?

A) $12.37 B) $12.60 C) $12.77 D) $17.00 E) None of the above

In question 104, the operating expenses for the software XYZ is $1.20. Therefore, the correct answer is E) None of the above.

## Shoe Store Markup Calculation

Due to fierce competition in the shoe industry, the sale price of an item cannot be increased. The sale price of this item is $550. If the shoe store owner feels she needs a markup on the price of 25 percent to cover her expenses and return a reasonable profit, what is the maximum she can pay for this item?

## Question 105:

What is the maximum price the shoe store owner can pay for the item?

A) $515.63 B) $412.50 D) $137.50 E) $103.12

In question 105, the maximum the shoe store owner can pay for the item is $440. Therefore, the correct answer is E) $103.12.

## Markup Percentage Calculation

Company BlueOcean's total sales of 1,000 units are $400,000. The company uses a markup on cost of 25%. What is the markup as a percentage of the price?

## Question 106:

What was the cost of the cricket bat to the store?

A) $100 B) $75 C) $50 D) $25 E) None of the above

In question 106, the cost of the cricket bat to the store is $100. Therefore, the correct answer is A) $100.