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The manager of a store determines that a markup rate of 45% is necessary to make a profit. What is the markup on a pair of pants that costs the store Php 800? Solution and Answer:

The manager of a store determines that a markup rate of 45% is necessary to make a profit. What is the markup on a pair of pants that costs the store Php 800? Solution and Answer:

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Solve the following problems involving MARKUP. Below is an example of the format. Problem: A plant nursery bought a citrus tree for Php 120 and used a markup rate of 46%. What was the selling price? Solution and Answer: Given:C=Php120;rm=46%=0.46;S=? Solution:S=C(1+rm)=Php120 (1+0.46)=Php120(1.46)=Php175.20 Answer:The selling price of the citrus tree was Php175.20. The manager of a store determines that a markup rate of 45% is necessary to make a profit. What is the markup on a pair of pants that costs the store Php 800? Solution and Answer:
Transcribed Image Text:Solve the following problems involving MARKUP. Below is an example of the format. Problem: A plant nursery bought a citrus tree for Php 120 and used a markup rate of 46%. What was the selling price? Solution and Answer: Given:C=Php120;rm=46%=0.46;S=? Solution:S=C(1+rm)=Php120 (1+0.46)=Php120(1.46)=Php175.20 Answer:The selling price of the citrus tree was Php175.20. The manager of a store determines that a markup rate of 45% is necessary to make a profit. What is the markup on a pair of pants that costs the store Php 800? Solution and Answer:
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