2. A manufacturer sells his notebooks for P41.75 and his cost in producing each notebook is P35.25. What is the markup?

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter25: Achievement Review—section Two
Section: Chapter Questions
Problem 14AR: Analyze each of the following problems to determine whether the problem is a direct or inverse...
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A. Solve the following problems (round off 2 decimal places):
Find the
2. A manufacturer sells his notebooks for P41.75 and his cost in producing each notebook
is P35.25. What is the markup?
3. A certain product sold for P29,900 has a 14% markup on cost. How much is the cost
of the product?
4.
The manager of a clothing store buys a jacket for $850 and sells the jacket for P1.207.
Find the markup rate based on cost and based on selling price.
5.
If the percentage of cost markup is 25.4%, what would the percentage of selling price
markup be?
Transcribed Image Text:A. Solve the following problems (round off 2 decimal places): Find the 2. A manufacturer sells his notebooks for P41.75 and his cost in producing each notebook is P35.25. What is the markup? 3. A certain product sold for P29,900 has a 14% markup on cost. How much is the cost of the product? 4. The manager of a clothing store buys a jacket for $850 and sells the jacket for P1.207. Find the markup rate based on cost and based on selling price. 5. If the percentage of cost markup is 25.4%, what would the percentage of selling price markup be?
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