The manager of a store determines that a markup rate of 45% is necessary to make a profit. What is the markup on a pair of pants that costs the store Php 800? Solution and Answer:
The manager of a store determines that a markup rate of 45% is necessary to make a profit. What is the markup on a pair of pants that costs the store Php 800? Solution and Answer:
Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.118TI: Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per...
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Question
Transcribed Image Text:Solve the following problems involving MARKUP. Below is an
example of the format.
Problem: A plant nursery bought a citrus tree for Php 120
and used a markup rate of 46%. What was the selling price?
Solution and Answer:
Given:C=Php120;rm=46%=0.46;S=?
Solution:S=C(1+rm)=Php120
(1+0.46)=Php120(1.46)=Php175.20
Answer:The selling price of the citrus tree was Php175.20.
The manager of a store determines that a markup rate of
45% is necessary to make a profit. What is the markup on a
pair of pants that costs the store Php 800?
Solution and Answer:
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