Question

Jessie will make and sell the trending Baked California Maki. Her Peso mark up is 5.00. Selling price PHP 15.000. How much will be the Paercentage mark up?Use the formula Percentage mark up= Peso markup/selling price. *

Answer 1

50%

Step-by-step explanation:

The markup is the difference between the selling price and the cost price. If the mark up is greater than zero, it means there is a profit, if the markup is less than 0, it means there is a loss and if the markup is equal to 0, it means there is breakeven.

Percentage markup = (markup/cost price) * 100%

Selling price - cost price = markup

15 - cost price = 5

cost price = 10

Percentage markup = (markup/cost price) * 100% = (5/10) * 100% = 50%