(a) Find the missing numbers in the table if the markup is based on cost. RM Cost 50 Markup Selling Price 25 (b) Find the missing numbers in the table if the markup is based on the selling price. RM Cost 8. Markup Selling Price 20 5.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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5.
(a)
Find the missing numbers in the table if the markup is based on cost.
RM
Cost
50
Markup
Selling Price
25
(b)
Find the missing numbers in the table if the markup is based on the selling price.
RM
Cost
Markup
8
20
Selling Price
6.
A t-shirt originally sold for RM15 and was marked down to sell for RM8. Find the
markdown and rate of markdown rounded to the nearest tenth of a percent.
(3 marks)
Transcribed Image Text:5. (a) Find the missing numbers in the table if the markup is based on cost. RM Cost 50 Markup Selling Price 25 (b) Find the missing numbers in the table if the markup is based on the selling price. RM Cost Markup 8 20 Selling Price 6. A t-shirt originally sold for RM15 and was marked down to sell for RM8. Find the markdown and rate of markdown rounded to the nearest tenth of a percent. (3 marks)
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