Answer:
Mark-up = 50%
Explanation:
Given the following data;
Selling price = 15 Pesos
Purchasing cost = 10 Pesos
To find the mark-up;
First of all, we would determine the profit;
Profit = 15 - 10
Profit = 5 Pesos
Now, we can solve for the mark-up using the formula below;
Mark-up = 50%
The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, the greatest economic challenge that Country D is facing-<u>is that of inflation</u>
Explanation:
Inflation can be defined as a quantitative measure of the rate at which the average price level of a goods and services in an economy increases over a period of time.
Inflation indicates a decrease in the purchasing power of a nation's currency
In Country D also similar situation is being witnessed
the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, the greatest economic challenge that Country D is facing-<u>is that of inflation</u>