Complete the following table. 20 points. Convert the following markup rates as needed: 10 points. Complete the following table: 15 points.

Steps to Solve

1. Calculate the New Selling Price

To find the new selling price, subtract the markdown from the original selling price.

For example, for the first row: $$ \text{New Selling Price} = \text{Original Selling Price} - \text{Markdown} $$ $$ \text{New Selling Price} = 3250 - 650 = 2600 $$

Repeat this for each original selling price with their respective markdowns.

2. Calculate the Markdown Rate

The markdown rate can be calculated using the formula:

$$ \text{Markdown Rate} = \left( \frac{\text{Markdown}}{\text{Original Selling Price}} \right) \times 100 $$

For the first row, the calculation would be: $$ \text{Markdown Rate} = \left( \frac{650}{3250} \right) \times 100 = 20% $$

Repeat for all items in the table.

3. Convert the Markup Rates

In the second part, to convert the markup rates into dollar amounts, use the formula:

$$ \text{MU cost} = \frac{\text{Markup}}{\text{Cost}} \times 100 $$

For example, for the first row: $$ \text{MU cost} = \left( \frac{600}{1500} \right) \times 100 = 40% $$

4. Calculate MU sp

To find the MU sp (markup selling price), use the formula:

$$ \text{MU sp} = \left( \frac{\text{Markup}}{\text{Selling Price}} \right) \times 100 $$

For the first row, using selling price and markup: $$ \text{MU sp} = \left( \frac{600}{3150} \right) \times 100 \approx 19.05% $$

Repeat for each entry in this section.

5. Complete the Third Table

For the selling price, cost, and markup table, ensure to calculate the markup percentage as needed using: $$ \text{Markup percentage} = \left( \frac{\text{Markup}}{\text{Cost}} \right) \times 100 $$

Insert the calculated values into the table.

| Original Selling Price | New Selling Price | Markdown | Markdown Rate |
|------------------------|-------------------|----------|----------------|
| P 3250                 | P 2600            | P 650    | 20%            |
| P 1,298.57             | P 475             | P 823.57 | 63.5%          |
| P 1093.75              | P 937.50          | P 156.25 | 14.25%         |
| P 1500                 | P 1200            | P 300    | 20%            |
| P 5837.00              | P 5400            | P 437.00 | 7.48%          |
| P 1520                 | P 1292            | P 228    | 15%            |
| P 177.60               | P 148.60          | P 29.00  | 16.35%         |
| P 644                  | P 560             | P 84     | 13.04%         |
| P 900                  | P 750             | P 150    | 16.67%         |
| P 1120                 | P 800             | P 320    | 28.57%         |

| MU cost | MU sp |
|---------|-------|
| 40%     | 19.05%|
| 25%     | 20%   |
| 30%     | 22.19%|
| 30%     | 28.57%|

| Selling Price | Cost   | Markup   | MU cost | MU sp  |
|---------------|--------|----------|---------|--------|
| P 3150       | P 1500 | P 600    | 40%     | 19.05% |
| P 6000       | P 4800 | P 1200   | 25%     | 20%    |
| P 4000       | P 3070.92 | P 923.08 | 30%     | 23.08% |
| P 5000       | P 3500 | P 1500   | 42.86%  | 30%    |
| P 5800       | P 3600 | P 1400   | 38.89%  | 24.14% |