Question

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

Answer 1

Mark-up = 50%

Step-by-step 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%