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Solve the following problems: 1. A storage drawer is sold for P1 599. The rate of mark-on / initial markup used is 35% of the cost. Find the cost of the storage drawer and the mark-on.

Solve the following problems: 1. A storage drawer is sold for P1 599. The rate of mark-on / initial markup used is 35% of the cost. Find the cost of the storage drawer and the mark-on.

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Solve the following problems: 1. A storage drawer is sold for P1 599. The rate of mark-on/ initial markup used is 35% of the cost. Find the cost of the storage drawer and the mark-on. 2. What is the rate of mark-on based on cost for a stand-alone drawer that is being sold for P899.75 if it costs P779.75? 3. What is the cost of an organizer box if the mark-on is P176.50, which represents a 50% mark-on based on cost? 4. An ABM student buys a pad of yellow paper (50 leaves) for P50.75 and resell it for P2 per sheet to her classmates, compute the rate of mark-on based on cost. 5. What would be the selling price of a dress that costs P199 if you want a mark-on rate of 80% based on cost?
Transcribed Image Text:Solve the following problems: 1. A storage drawer is sold for P1 599. The rate of mark-on/ initial markup used is 35% of the cost. Find the cost of the storage drawer and the mark-on. 2. What is the rate of mark-on based on cost for a stand-alone drawer that is being sold for P899.75 if it costs P779.75? 3. What is the cost of an organizer box if the mark-on is P176.50, which represents a 50% mark-on based on cost? 4. An ABM student buys a pad of yellow paper (50 leaves) for P50.75 and resell it for P2 per sheet to her classmates, compute the rate of mark-on based on cost. 5. What would be the selling price of a dress that costs P199 if you want a mark-on rate of 80% based on cost?
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