Question

Refer to Mrs. Paul's sales for the month of August to calculate the following: 1.4.1 Mrs. Paul adds a 40% mark-up to all the stock that she buys to make a profit. Calculate what her mark-up amount was in August on the cost price of th goods. ​

Answer 1

No cost price is given hence its not possible to calculate the actual answer.But don't worry I will simplify the equation till end that you can get the answer in fractions of sec

Solution:-

Let the Cost price be x

Mark up percent=40%

Now

Mark up=

`\\ \sf\longmapsto 40\%\:of\:x`

`\\ \sf\longmapsto (40)/(100)* x`

`\\ \sf\longmapsto (40x)/(100)`

`\\ \sf\longmapsto 0.04x`

Just multiply The CP by 0.04 to get the answer