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Selling Price: [tex]\large\tt{Php\:500.00}[/tex]
Rate of Discount: [tex]\large\tt{20\%}[/tex]
Sale Price: [tex]\large\tt\red{Php\:400.00}[/tex]
[tex]\large\sf{\underline{Solution:}}[/tex]
We will use the formula [tex]\large\rm{Sale\:Price=Selling\:Price-(Selling\:Price \times Discount\:Rate)}[/tex] in order to find the sale price. To convert rate into a decimal, remove the percent sign "%" and simply divide the given number by 100.
∴ The sale price is Php 400.00.
Mark-Up Rate: [tex]\large\tt{25\%}[/tex]
Mark-Up Price: [tex]\large\tt{Php\:275.00}[/tex]
Original Price: [tex]\large\tt\red{Php\:1,100.00}[/tex]
[tex]\large\sf{\underline{Solution:}}[/tex]
We will use the formula [tex]\large\rm{OP=\frac{MP}{MR} }[/tex] (where "OP" stands for original price, "MP" stands for mark-up price and "MR" stands for mark-up rate) in order to find the original price.
∴ The original price is Php 1,100.00.
Original Price: [tex]\large\tt{Php\:4,200.00}[/tex]
Mark-Up Price: [tex]\large\tt{Php\:1,680.00}[/tex]
Mark-Up Rate: [tex]\large\tt\red{40\%}[/tex]
[tex]\large\sf{\underline{Solution:}}[/tex]
We will use the formula [tex]\large\rm{MR=\frac{MP}{OP} }[/tex] (where "MR" stands for mark-up rate, "MP" stands for mark-up price and "OP" stands for original price) in order to find the mark-up rate.
∴ The mark-up rate is 40%.
Total Sales: [tex]\large\tt{Php\:38,500.00}[/tex]
Rate of Commission: [tex]\large\tt{5\%}[/tex]
Commission: [tex]\large\tt\red{Php\:1,925.00}[/tex]
[tex]\large\sf{\underline{Solution:}}[/tex]
We will use the formula [tex]\large\rm{C=TS \times RC}[/tex] (where "C" stands for commission, "TS" stands for total sales and "RC" stands for rate of the commission) in order to find the commission.
∴ The commission is Php 1,925.00.
Principal Amount: [tex]\large\tt{Php\:15,000.00}[/tex]
Rate: [tex]\large\tt{1\%}[/tex]
Time: [tex]\large\tt{6\:months}[/tex]
Simple Interest: [tex]\large\tt\red{Php\:75.00}[/tex]
[tex]\large\sf{\underline{Solution:}}[/tex]
We will use the formula [tex]\large\rm{I=PRT}[/tex] (where "I" stands for simple interest, "P" stands for principal amount,"R" stands for rate and "T" stands for time) in order to find the simple interest. To convert months into a year, simply divide the given months by 12 since there are 12 months in a year.
∴ The simple interest is Php 75.00.
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