An appliance center sells washing machine at a markup of 15% of the selling price. The store’s markup on a certain model is ₱ 300. a. What is the selling price of the washing machine? b. What is the original cost of the washing machine? c. What is the rate of markup based on the cost?

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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An appliance center sells washing machine at a markup of 15% of the selling price. The store’s markup on a
certain model is ₱ 300.
a. What is the selling price of the washing machine?
b. What is the original cost of the washing machine?
c. What is the rate of markup based on the cost?

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