1.Lanie bought a merchandise at Php 250.00. If she will sell it at Php 300.00, how much is the mark-up? If she has a target profit of 40%, did she earn the desired margin? If not, how much must be her selling price and margin in order to achieve 40% profit?
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Answer:
She did not earn the desired margin.
Her selling price must be Php 350.00
Step-by-step explanation:
Because 40% of Php 250.00 is 100.
250 + 100 = 350