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Calculate the cost price and selling price for the given mark-up and selling price/cost price.
ScanSolve AI Answer
Here are the calculations to complete the table:
1.2.1 Calculate Cost Price
Given: Mark-up on Cost = , Selling Price = R
The selling price is the cost price plus the mark-up. If the mark-up is on cost, then the mark-up amount is equal to the cost price.
Rounding to the nearest 10: R
The cost price is R 8 400.
1.2.2 Calculate Selling Price
Given: Cost Price = R 140, Mark-up on Cost =
Rounding to the nearest 10: R 200
The selling price is R 200.
1.2.3 Calculate Selling Price
Given: Cost Price = R , Mark-up on Cost =
Rounding to the nearest 10: R
The selling price is R 1 700.
1.2.4 Calculate Cost Price
Given: Mark-up on Cost = , Selling Price = R
Rounding to the nearest 10: R
The cost price is R 4 970.
1.2.5 Calculate Mark-up on Cost
Given: Cost Price = R , Selling Price = R
Rounding to the nearest 10 (percentage point):
The mark-up on cost is 70%.
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