a A boutique buys bags from a manufacturer for Php 2,000 each and sell them for Php3,299.Compute the followingMark upPercentage MarginMark up rateb. At a clearance sale, a painting originally priced at Php 65,499.75 have been marked down at40%. Compute the markdown and the reduced price?New selling priceMark down

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a. A boutique buys bags from a manufacturer for Php 2,000 each and sell them for Php 3,299.Compute the following: Mark up Mark up rate Percentage Margin

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

a A boutique buys bags from a manufacturer for Php 2,000 each and sell them for Php
3,299.Compute the following
Mark up
Percentage Margin
Mark up rate
b. At a clearance sale, a painting originally priced at Php 65,499.75 have been marked down at
40%. Compute the markdown and the reduced price?
New selling price
Mark down

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