Business math - Mark on- up and Mark down

business math

1. Mark-on Markup and Markdown Objectives: Obtain mark-on, markdown and mark-up given price of the product . Compute markup rate based on cost and selling price and on new selling price and markdown rate based on old selling price and new selling

2. Answer what is asked: 1. John purchased a cellphone worth ₱15,900.00. He decided to sell the cellphone for ₱16,500.00. How much is the Mark-on? 2. John decided to increase the original price by ₱200.00. How much will be the new selling price? 3. How much will be the selling price if John will cancel ₱100.00 based on the new selling price? 4. How much now will be the total markup?

3. The markdown can be expressed either as a percent of the new selling price or old selling price: Markdown rate (% of old selling price)   Markdown rate (% of new selling price) =  

4. Christine sells her watch for ₱2,500.00. She noticed that no one would buy the item. She decided to reduce the amount to ₱2,000.00. 1. How much is the markdown? 2. What is the percentage of markdown as to the old selling price? 3. What is the percentage of markdown as to the new selling price?

5. 1. The markdown is - ₱ 2,000.00   2. Markdown rate (% of old selling price) =   3. Markdown rate (% of new selling price) =  

6. MARKUP BASED ON COST The sum of the cost (C) and mark-up determines the selling price (P ). Selling Price = Cost + Markup The formula for the rate of markup based on cost denoted by Mu c is given by  

7. MARK UP BASED ON SELLING PRICE The formula for the rate of markup based on the selling price denoted by Mu sp is given by  

8. The cost of a new pair of shoes is ₱4,500. The selling price is ₱7,000. What is the rate of markup based on cost? based on selling price? = ₱ 7,000 - ₱ 4,500  

9. Computing for the rate of markup based on cost, (100), 55.56%  

10. Computing for the rate of markup based on selling price, , 5.71%  

11. Complete the table below: No. Selling Price Cost Markup Mu cost (%) Mu selling price (%) 1. ₱620 ₱580 ? ? ? 2. ? ? ₱150 15% ?

12. Complete the table below. No. Old Selling Price New Selling Price Markdown Markdown Rate(SP O ) Markdown Rate(SP N ) 1. ₱420 ₱380 ? ? ? 2. ₱320 ? ₱50 ? ?

13. Complete the table below. No. Original Selling Price ( SP o ) New Selling Price ( SP n ) Markdown ( Md ) Markdown Rate( Md %) 1. ₱30 ₱25 ? ? 2. ₱15,000 ? ₱6,000 ?