2. The cost rate based on selling price is 60%. If the cost amounted to P 15,000.00, how much is the markup? How much is the selling price?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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please show computation. thank you!
2. The cost rate based on selling price is 60%. If the cost amounted to P 15,000.00,
how much is the markup? How much is the selling price?
3. The markup is P 7,000.00 based on the selling price. What is the markup rate if the
selling price is P 35,000.00?
4. The selling price of an item is P 45,000.00. The cost rate is 78%. How much is the
markup based on cost?
Transcribed Image Text:2. The cost rate based on selling price is 60%. If the cost amounted to P 15,000.00, how much is the markup? How much is the selling price? 3. The markup is P 7,000.00 based on the selling price. What is the markup rate if the selling price is P 35,000.00? 4. The selling price of an item is P 45,000.00. The cost rate is 78%. How much is the markup based on cost?
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