1.What is the mark- on of a 50 kg sack of rice cost Php 1,900 when sold at Php 2,250?Solution: 3. A retailer sells goods at Php 1,750 and the mark on is Php 300. What is the cost of the good?Solution:

Mark up Mark up is the amount added to the cost of the goods sold to recover the overheads and…

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1. What is the mark- on of a 50 kg sack of rice cost Php 1,900 when sold at Php 2,250?

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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What is the mark- on of a 50 kg sack of rice cost Php 1,900 when sold at Php 2,250?
Solution:

3. A retailer sells goods at Php 1,750 and the mark on is Php 300. What is the cost of the good?
Solution:

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