# Quiz 8: Markup and Markdown

Given, the cost to produce electric woks is and markup added is . The retailing equation states that, the selling price of an item is equal to the cost plus markup i.e. Substitute cost and markup into previous formula and solve. Thus, selling price per unit for electric woks is .

The retailing equation states that the selling price is equal to the plus the . The retailing equation states that, the selling price of an item is equal to the cost plus markup

Given, C M F sells desks for and cost for it is . Amount of markup is given by the formula: Substitute selling price and cost into previous formula and solve Thus, amount of markup for desks is .

There is no answer for this question

There is no answer for this question