On row 3 (Given: Mark Up = 350, Rate of Markup on Selling Price = 52%)

Given the corrected information for **Row 3** where:
- **Markup** = ₱350
- **Rate of Markup on Selling Price** = 52%

We will solve for the **Cost** and **Selling Price** based on this information.

### The formulas we will use:
1. **Selling Price** = Markup ÷ Rate of Markup on Selling Price
2. **Cost** = Selling Price - Markup

Let's calculate these values.# Given data for Row 3:
markup3_corrected = 350
rate_of_markup_selling3_corrected = 52 / 100  # 52%

# Calculating the Selling Price using the formula:
# Selling Price = Markup / Rate of Markup on Selling Price
selling_price3_corrected = markup3_corrected / rate_of_markup_selling3_corrected

# Calculating the Cost using the formula:
# Cost = Selling Price - Markup
cost3_corrected = selling_price3_corrected - markup3_corrected

# Organizing the results
{
    "Selling Price": selling_price3_corrected,
    "Cost": cost3_corrected
}For **Row 3**, given that the **Markup** is ₱350 and the **Rate of Markup on Selling Price** is 52%, the following values are calculated:

- **Selling Price**: ₱673.08
- **Cost**: ₱323.08

Would you like further clarification or additional calculations? Here are some related follow-up questions:

1. How does the relationship between markup and cost affect the selling price?
2. Can you calculate the rate of markup on cost from this scenario?
3. How would the cost change if the markup were lower?
4. What would be the selling price if the rate of markup on selling price increased to 60%?
5. How does markup affect profit margins in different industries?

**Tip:** Knowing both the markup and rate of markup helps businesses make informed pricing decisions that maximize profitability while remaining competitive.

Learn how to calculate the cost and selling price using markup and the rate of markup on selling price. Given a specific example with a markup of ₱350 and a rate of markup on selling price of 52%, find out the resulting selling price and cost. Understand the impact of markup on pricing decisions. Suitable for high school students learning about business mathematics.

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