Good day! Here is the video about Markup and Markup Rate.
To test your knowledge, kindly answer the following questions:
1. Mrs. April is selling native fruit baskets. She spends ₱38.50 for the raw materials used to produce one basket. If she wants to put a 30% markup based on cost, what should be her selling price for each basket?
2. Mrs. April is selling native fruit baskets. She spends ₱38.50 for the raw materials to produce one basket. If she wants to put a 30% markup based on selling price, what should be her selling price for each basket?