What is the cost of a shirt sold at P150 if the markup rate is 35% of the selling price? 3. What is the markup rate based on selling price if markup rate on cost is 10%? 4. Matt, the owner of B1 and B2 Fruit Stand knows that 10% of the bananas they bought from a wholesaler will spoil and will be thrown out. If he buys 200 kilos of bananas for P15 per kilo and he wants a markup of 40% based on selling price, how much is the selling price of 5 kilos of bananas? Thanks tutor!
What is the cost of a shirt sold at P150 if the markup rate is 35% of the selling price? 3. What is the markup rate based on selling price if markup rate on cost is 10%? 4. Matt, the owner of B1 and B2 Fruit Stand knows that 10% of the bananas they bought from a wholesaler will spoil and will be thrown out. If he buys 200 kilos of bananas for P15 per kilo and he wants a markup of 40% based on selling price, how much is the selling price of 5 kilos of bananas? Thanks tutor!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2. What is the cost of a shirt sold at P150 if the markup rate is 35% of the selling price?
3. What is the markup rate based on selling price if markup rate on cost is 10%?
4. Matt, the owner of B1 and B2 Fruit Stand knows that 10% of the bananas they bought from a
wholesaler will spoil and will be thrown out. If he buys 200 kilos of bananas for P15 per kilo and
he wants a markup of 40% based on selling price, how much is the selling price of 5 kilos of
bananas?
Thanks tutor!
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