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Questions and Answers
What is the formula for the rate of markup based on cost?
What is the formula for the rate of markup based on cost?
- $rac{S}{M} imes 100$
- $rac{C}{M} imes 100$
- $rac{M}{C} imes 100$ (correct)
- $rac{M}{S} imes 100$
If the cost of an item is ₱3,000 and the selling price is ₱5,000, what is the rate of markup based on cost?
If the cost of an item is ₱3,000 and the selling price is ₱5,000, what is the rate of markup based on cost?
- 50%
- 66.67% (correct)
- 60%
- 55%
What is the formula for the rate of markup based on selling price?
What is the formula for the rate of markup based on selling price?
- $rac{S}{M} imes 100$
- $rac{M}{S} imes 100$ (correct)
- $rac{C}{M} imes 100$
- $rac{M}{C} imes 100$
A pair of jeans originally costs ₱2,500. If the rate of markup based on selling price is 40%, what is the new selling price?
A pair of jeans originally costs ₱2,500. If the rate of markup based on selling price is 40%, what is the new selling price?
What might happen if a business imposes a significant temporary markdown?
What might happen if a business imposes a significant temporary markdown?
In a permanent markdown scenario, what is a common outcome for a business's profits?
In a permanent markdown scenario, what is a common outcome for a business's profits?
If a pair of shoes originally costs ₱1,200 and a temporary markdown of 20% is applied, what is the new selling price?
If a pair of shoes originally costs ₱1,200 and a temporary markdown of 20% is applied, what is the new selling price?
How does a permanent markdown differ from a temporary markdown in terms of effect on profitability?
How does a permanent markdown differ from a temporary markdown in terms of effect on profitability?
If a store applies a permanent markdown of 25% on all its products, what would be the effect on the break-even point?
If a store applies a permanent markdown of 25% on all its products, what would be the effect on the break-even point?
