Activity 3: Solve the following problems?
1. If the previous selling price of diesel fuel per liter was Php 46.05 and the current price is Php46.35, what was the markup
rate?
2. Your retall business has incurred losses last year. So you decided to increase the original selling prices of your items by
20%. If one of those items has an original selling price of Php38.85, what are the markup and the new selling price of the
item?
MARKDOWN
obtained by getting the difference of the original selling price and the new selling price. Unlike in the case of markup, the
new selling price is lower than the original selling price. Hence, the formula for computing markdown is the following:
Markdown - Original Selling Price - New Selling Price
Markdown Rate - Markdown - Original Selling Price
Example 14: Your apparel store usually offers items with markdowns at the end of season. If the price of the slim fit jeans was
reduced from Php1,290 to Php999, what is the markdown? What is the rate of markdown introduced by your store?
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