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?

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

Problem 1.1DQ

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Question

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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