https://file.aiquickdraw.com/mathbot/file/1726663998105yjj0kd9b.jpg

Let's analyze the problems one by one from the image.

### 7. What is the markup rate to be used to increase the prices of the items?
This question is asking for the rate that will be used to increase the prices of the items. However, the choices seem to suggest a specific scenario or context that isn’t provided clearly in the image. But typically, a markup rate would be a percentage applied to the cost price to determine the selling price.

Choices:
- A. 20%
- B. 38%
- C. 68%
- D. 80%

Without additional context, it seems like the 20% markup rate would be the most likely answer based on the next problems (which also mention 20%).

### 8. What is the new selling price?
The product’s original price is ₱52.25, and the price will increase by 20%. To find the new price, we can calculate:

\[
\text{Increase} = 52.25 \times 0.20 = 10.45
\]

New selling price:
\[
\text{New Price} = 52.25 + 10.45 = 62.70
\]

The correct answer is **C. ₱62.70**.

### 9. How much is the markup?
The markup is the amount added to the original price, which is already calculated above as ₱10.45. So, the correct answer is **A. ₱10.45**.

Would you like further details or explanations for any of the steps? 

Here are 5 questions that expand on the concepts:
1. How is a markup rate typically determined in business?
2. What is the formula for calculating a percentage increase?
3. How would you calculate the selling price if a different markup rate was applied?
4. How does markup differ from profit margin?
5. What other pricing strategies can businesses use apart from markup?

**Tip:** Always express markup and selling price calculations clearly to ensure accurate pricing, which directly affects business profitability.

Your retail store has incurred losses last year. So, you decided to increase the original selling price of your items by 20%. One of the products has an original selling price of ₱52.25. What is the new selling price?

Learn how to calculate the new selling price of a product priced at ₱52.25 with a 20% markup. This problem involves understanding markup calculation, percentage increase, and basic arithmetic suitable for Grade 5-7 students.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation