Question

XYZ Traders place a 50% mark-up on all stock sold. You are required to complete the table by calculationg the missing numbers. Show all calculations:

Selling Price               Cost Price                  Mark-up

R100                           i                                  ii

iii                                 iv                                 R250

v                                  R300                             vi

Answer 1

1. 50% Markup on Cost price

Selling price R100.

Let us assume Cost price as X.

Mark up at 50% on Cost Price

So Markup = X*50% = .5X

Selling price = Cost price + Mark up or X + .5X = 1.5X

1.5X =100. So X(Cost price) = 100/1.5*1 = 66.67

Markup = 66.67*50% = 33.33

2. Cost price = 300

Markup = 300*50% = 150

Selling price = Cost price + Markup = 300+150 = R450

Markup = Cost*50% = 66.67*50% = 33.33