a. A retailer buys flowers at ₱1,400 per bouquet. She sells them for ₱2,000 per bouquet. How much is the peso markup and what is the percent markup if it is based on cost? Find the gross margin. b. In another instance, a seller buys roses for ₱50 each. He sells it for ₱80 each. How much is the peso markup and what is the percent markup if it is based on sales? What is the gross margin.
a. A retailer buys flowers at ₱1,400 per bouquet. She sells them for ₱2,000 per bouquet. How much is the peso markup and what is the percent markup if it is based on cost? Find the gross margin. b. In another instance, a seller buys roses for ₱50 each. He sells it for ₱80 each. How much is the peso markup and what is the percent markup if it is based on sales? What is the gross margin.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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a. A retailer buys flowers at ₱1,400 per bouquet. She sells them for ₱2,000 per bouquet. How much is the peso markup and what is the percent markup if it is based on cost? Find the gross margin.
b. In another instance, a seller buys roses for ₱50 each. He sells it for ₱80 each. How much is the peso markup and what is the percent markup if it is based on sales? What is the gross margin.
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