Solve following problem.
1. A ski jacket costs a retailer P850. The jacket is priced to generate a 25% markup
on selling price. What is the retail selling price?
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Solve following problem.
1. A ski jacket costs a retailer P850. The jacket is priced to generate a 25% markup
on selling price. What is the retail selling price?
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Verified answer
Answer:
P1062.50
Step-by-step explanation:
C = cost
M = markup
S = Selling price
MP = markup percentage
C x MP = M
850 x 0.25 = 212.5
S = C + M
S = 850 + 212.5
S = 1062.5
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