Question

Solve the following problems. MARK-DOWN
1. An optical shop sells a contact lenses for P 1, 200.00. if they wish to lower its price to P 900, what rate of mark-down should they offer?
2. A sport drink was offered for sale at P 91.50 at the West Store. At East Store, the regular price of a similar drink was P 114.50. What rate of mark-down would East Store to offer to sell a drink at the same price as West Store?
ADDITIONAL SELLING PRICE
3. AlingPurita observes that the market goers prefer to buy fish from her because there is undersupply of meat in the market at this season. She then decides to increase the price of tulingan by P 25/kg. If the cost of the tulingnan is P 120/kg with 25% mark-up, what is the new selling price with the additional increase of P 25? By how much is the rate of mark-up based on cost increased by adding P 25 to the regular selling price of the tulingan?
MARK-UP
4. A bookstore priced at P 650 using a mark-up of 40% of cost. What was the cost of the book? What is the mark-up as a percent of selling price?
5. A bookstore sells a pocketbook at P 450 using a mark-up of 20% of cost. What was the cost of the pocketbook? What is the mark-up as a percent of the selling price?​

Answer 1

Answer:

1) old price - 1200

New price - 900

difference - 300

therefore markdown % = difference / old price × 100

300/1200×100 = 25% ans