Mark-up

now,we will learn about mark-up..

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cost price is the original price.The retailer must add an additional amount called mark-up to the cost to cover the business expenses and to generate profit.

R=retail price

C=cost price

M=mark-up

so,the formula is R=C+M

Example:

when I go to my uncle's furniture shop I was able to apply this formula...

The cost price of a set of dining table is RM2560. what is the retail price if the seller

wants a 35% mark-up based on

a) cost price

b) retail price?

Solution:

a) let the retail price be RM x. so,

R=C+M

=RM2560+0.35(RM2560)

=RM3456

retail price=RM3456

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b) let the retail price be x. so,

R=C+M

x=2560+0.35x

x-0.35x=2560

0.65x=2560

x=2560/0.65

x=RM3938.46

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