Percentage discount and commision
Find the selling price of typewriter which cost Rs 4000 and the mark up is 8%
Answers
Any one help please
19 August 2017
RS 4,320
20 August 2017
Find out what 1% of Rs 4000 is (4000 / 100 = ? )The mark up is 8% so you need to add an additional 8% onto the original price by multiplying 1% (as calculated above) by 8 to get 8%. Then you simply add Rs 4000 to whatever 8% is equal to in Rs which will give you the selling price with an 8% mark up.I hope that helps. Joe
23 August 2017
Selling Price = Cost Price + Mark UpMark Up= 8% of Cost Price =8% of 4000 =(8*4000)/1000 =Rs. 320Selling Price = Cost Price + Mark Up =4000+320 =Rs. 4320
03 September 2017
The problem is very easy to solve, if you understand the basic formula for profit or loss, which is as follows:When we have profit (which means selling price is higher than cost)Selling Price = Cost + ProfitAnd Profit can be calculated using the following formula:Profit = Cost x profit percentage/100Therefore, lets first calculate the profit. The profit in our case will be calculated as:Profit = 4000 x 8 / 100 = 320Therefore, the selling price can now be calculated as:Selling Price = Cost + Profit = 4000 + 320 = 4320Very simple, isn't it?
13 September 2017
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