Directions: Complete the following table. Copy and answer the given table on your notebook. Product Purchase cost/ buying price Selling Price Peso Mark-up Percentage mark-up Suman 6.00 10.00 Puto 3.00 5.00 Cassava cake 7.00 10.00 Bibingka 10.00 15.00
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Answer:
The problem above is asking for the peso markup and percentage markup of turon. Markup happens when the price of an item goes up. It is based on the markup rate. The peso markup of turon is 4 pesos. Then, the percentage markup of turon is 40%.
How to Find the Peso Markup
The peso markup refers to the amount being added to the original price. To find the peso markup of turon, you have to subtract the original price from the selling price. Thus, the peso markup is 4 pesos.
14 pesos - 10 pesos = 4 pesos
How to Find the Percentage Markup
The percentage markup refers to the rate or percentage of the peso markup from the original price. To find the percentage markup of turon, divide the peso markup by the oroginal price. Then, multiply it by 100 and add a percent sign. Thus, it is 40%.
4 ÷ 10 = 0.4 × 100 = 40%
Explanation:
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