Direction: Read each item carefully and fill in the blank(s) on the item cost and selling price with the correct answer. Calculate percent mark-up based on cost. This is done by dividing the peso mark-up by the cost. Write your answer with the solutions.
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Answer:
Peso Mark up Percentage Mark Up
1. 0.4 40%
2. 0.25 25%
3. 0.66 66%
4. 0.42 42%
5. 0.25 25%
6. 0.2 20%
Explanation:
MARKUP FORMULA
= SELLING PRICE - COST
COST
to get markup percentage
MARKUP × 100