Final answer:
To find the markup rate, divide the difference between the selling price and original price by the original price.
Step-by-step explanation:
To find the markup rate, you can use the formula:
Markup Rate = (Selling Price - Original Price) / Original Price
Substituting the given values:
- Original Price = 25,000 pesos
- Selling Price = 40,000 pesos
Markup Rate = (40,000 - 25,000) / 25,000 = 15,000 / 25,000 = 0.6 or 60%
Therefore, the markup rate is 60%.