Solve the following problems.

Mark-on, Markup, and Markdown

1. An appliance center sells washing
machine at a markup of 15% of the
selling price. The store’s markup on a
certain model is P300.
a) What is the selling price of the
washing machine?
b) What is the original cost of the
washing machine?
c) What is the rate of markup based
on the cost?
2. A sungka board is priced P999.75
at a certain toy store. If they used a
markup of 35% of the cost, what is
the markup as a percent of selling
price?
3. Jessica wants to sell the banana
cake she baked. She had a total
expenses of P210, and 35% of it went
to baking expenses. How much
should Jessica sell the cake with a
goal of earnings profit of 30% of the
cost?
4. A sports drink was offered for sale
at P91.50 at the West Store. At the
East Store, the regular price of a
similar drink was P114.50. What rate
of markdown should East Store have
to offer to sell the drink at the same
price as West Store?
5. David’s Bookstore foresees that
people will buy notebooks several days
before the start of a new school year.
The cost of the notebook in the store is
P25. two weeks before the start of the
new school year, the store’s rate of
markup based on the selling price is 8%.
One week after the opening of classes,
they decided to put an additional mark-
on of 2% to its selling price.
a) What is the selling price?
b) What is the markup?
c) What is the additional mark-on
d) How much is the new selling price
after additional mark-on?
6. Charlene is considering to markdown
the price of a shirt originally priced at
P400 to P300.

a) How much markdown does she

need?
b) If Charlene wants to compute for the
new selling price based on the
percentage markdown of 10%, how
much would her shirt cost then?