A fruit store that sells langka buys them from a local farm at a wholesale price of PhP 55 each. The store’s markup rate is 50%.
1. At what price does the fruit store sell the langka?
2. If the store gives a 10% discount when you buy six langka, how much will six langka cost?
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Verified answer
1. The fruit store sells the langka at Php 82.50 each.
2. If the store gives a 10% discount, the six langka will cost Php 445.50.
Step-by-step explanation:
Word Problem Involving Markup and Discount
The markup and discount both affect the selling price of something. The markup refers to the increase in price and the percent in markup is known as the markup rate. Then, the discount refers to the amount by which the price is reduced and the percent in discount is known as the discount rate.
Calculating Markup
To calculate the markup, you have to multiply the original price by the markup rate and add that amount to the original price to find the selling price.
Calculating Discount
To calculate the discount, you have to multiply the price by the discount rate and subtract that amount from the price to find the sale price.
Going back to the problem above, you have to find the selling price of each langka and the sale price of the six langka. Below are the steps to find the answers:
Given:
original price of each langka - Php 55
markup rate - 50%
discount rate - 10%
Solution:
1. Selling Price of Each Langka
Remember to convert the percent to decimal.
(50% = 0.55)
Php 55 × 0.50 = Php 27.50
Php 55 + Php 27.50 = Php 82.50
2. Sale Price of the Six Langka
Php 82.50 × 6 = Php 495
Convert the percent to decimal.
(10% = 0.10)
Php 495.00 × 0.10 = Php 49.50
Php 495.00 - Php 49.50 = Php 445.00
Final Answer:
1. The fruit store sells the langka at Php 82.50 each.
2. If the store gives a 10% discount, the six langka will cost Php 445.50.
To study word problems involving rate, check out the links:
brainly.ph/question/115979
brainly.ph/question/115965
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