MARKUP RATE BASED ON SELLING PRICE lling Price Cost + Markup Markup Selling Price - Cost ost Selling Price - Markup Quality Hardware and Garden Supply purchases electric drills for P3,000.00. If it sells the drills for P6,250.00, what is the amount of the markup, and what is the percent markup based on the selling price? Markup Based on Cost Selling Price = SP/C - Markup = Mu/C Markup Based on Selling Price Cost = C/SP

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