BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Selling Price Rate
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Mark-on Rate
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Mark-up Rate
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Mark-down Rate
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Detailed explanation-1: -Determine the markdown. Divide the difference between the prices by the actual selling price. Then, multiply this result by 100. The result represents the markdown percentage.
Detailed explanation-2: -What is the markdown price formula? To compute markdown given the original price and the new price, you need to apply the formula: Markdown = Original price-Actual price . For instance, if the original price was $100 and the price the good is actually sold for is $80, then the markdown equals $20.
Detailed explanation-3: -Markup prices can be defined as the increase (by percentage) in the price of a product based on its original cost. Markdown prices are the rate (markdown percentage) decrease in the selling price of a product from its original selling price.