MARKUP RATE BASED ON SELLING PRICE lling Price Cost + Markup Markup Selling Price - Cost ost Selling Price - Markup Quality Hardware and Garden Supply purchases electric drills for P3,000.00. If it sells the drills for P6,250.00, what is the amount of the markup, and what is the percent markup based on the selling price? Markup Based on Cost Selling Price = SP/C - Markup = Mu/C Markup Based on Selling Price Cost = C/SP

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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MARKUP RATE BASED ON SELLING PRICE
Selling Price = Cost + Markup
Markup = Selling Price - Cost
Cost = Selling Price - Markup
Quality Hardware and Garden Supply purchases
electric drills for P3,000.00. If it sells the drills for
P6,250.00, what is the amount of the markup, and
what is the percent markup based on the selling price?
Markup Based on Cost
% Selling Price = SP/C
% Markup = Mu/C
Markup Based on Selling Price
% Cost = C/SP
% Markup = Mu/SP
Transcribed Image Text:MARKUP RATE BASED ON SELLING PRICE Selling Price = Cost + Markup Markup = Selling Price - Cost Cost = Selling Price - Markup Quality Hardware and Garden Supply purchases electric drills for P3,000.00. If it sells the drills for P6,250.00, what is the amount of the markup, and what is the percent markup based on the selling price? Markup Based on Cost % Selling Price = SP/C % Markup = Mu/C Markup Based on Selling Price % Cost = C/SP % Markup = Mu/SP
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