Question

HOW MUCH IS THE PESO MARK-UP IF THE SELLING PRICE IS 15 PESOS AND THA PURCHASE COST IS 10 PESOS

Answer 1

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;

$Profit = Selling \; price - Purchasing \; cost$

Profit = 15 - 10

Profit = 5 Pesos

Now, we can solve for the mark-up using the formula below;

$Mark \; up = \frac {Profit}{Purchasing \; cost} * 100$

$Mark \; up = \frac {5}{10} * 100$

$Mark \; up = \frac {500}{10}$

Mark-up = 50%