An Accessories Store Pays ₱12.50 For Each Hair Clip To It's…
An accessories store pays ₱12.50 for each hair clip to it’s supplier. The stores percent of markup is 75%. Find the mark up
Answer:
To find the markup, we need to calculate the difference between the selling price and the cost price.
First, let’s calculate the selling price:
Markup = 75% of the cost price
Selling price = Cost price + Markup
Given that the cost price of each hair clip is ₱12.50, we can calculate the markup as follows:
Markup = 75% of ₱12.50
= 0.75 * ₱12.50
= ₱9.375
Therefore, the markup on each hair clip is ₱9.375.
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