BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A pair of rubber shoes costs ₱2, 210.00 pesos, supposed that the mark-up rate set at 74%. What will be the selling price?
|
|
356.7
|
|
|
574.6
|
|
|
765.9
|
|
|
3845.4
|
|
|
None
|
Explanation:
Detailed explanation-1: -Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage.
Detailed explanation-2: -Markup is the difference between a product’s selling price and cost as a percentage of the cost. For example, if a product sells for $125 and costs $100, the additional price increase is ($125 – $100) / $100) x 100 = 25%.
There is 1 question to complete.