You owe Rs 40 000 Your terms were

You owe Rs. 40, 000. Your terms were 3/10 Within 10 days you sent in a payment of Rs. 10, 000 How much is your new balance?

TERMS Manufacturer Cost The price charged to middlemen in ‘The Distribution Chain’ Distributor>Wholesaler>Retailer Selling Price The price charged to Consumers by Retailers

Selling Price (S) = Cost (C) + Markup (M) Example A computer’s cost = 9, 000 + 3, 000 Rs. = 12, 000 Rs. 3, 000 is margin available to meet Expenses and make a Profit

If the Mark. Up is to be 33% on Cost then… Selling Price (S) = Cost (C) + Markup (M) 133% = 100% + 33% Cost is 100% the Base % Mark. Up is the Rate Rs. Mark. Up is the Portion

Fawad’s Appliances bought a sewing machine for Rs. 1, 500 To make the desired profit, he needs a 60% markup on Cost. What is Fawad’s Rs. markup? What is his Selling price?

Rs. Markup = 1, 500 x 0. 6 = 900 Rs. Selling Price = 1, 500 + 900 = 2, 400 Rs. Or = 1, 500 x (1+0. 6) = 1, 500 x 1. 6 = 2, 400 Rs.

S = C + M

You buy candles for 2 Rs. You plan to sell them for 2. 50 Rs What is your Rs. markup? What is your percent markup on Selling Price?

Rs. Markup = 2. 5 – 2 = 0. 5 Rs. Percent markup on Selling Price = (0. 5/2. 5) x 100 = 20%

Fawad’s Appliances bought a sewing machine for Rs. 1, 500 To make the desired profit, he needs a 60% markup on Selling price What is Fawad’s Rs. markup? What is his Selling price?

Selling Price S = 1, 500 + 0. 6 S S-0. 6 S = 1, 500 Rs. Or 0. 4 S= 1, 500 = 3, 750 Rs Rs. Markup = 3, 750 x 0. 6 = 2, 250 Rs.

Selling Price = 35 = C + 0. 4 x 35 35= C + 14 C = 35 – 14 = 21 Rs. Or C= S- 0. 4 S = 0. 6 x 35= 21 Rs. Markup = 35 x 0. 4 = 14 Rs.

A variety of plastic jug was bought for Rs. 57. 75 was marked up 45% of the Selling Price When the jugs went out of production, they were marked down 40% What was the Sale Price after the 40% markdown?

Selling price = 100 Markup = 45 Cost = 55 Original Sale price= (100/55) x 57. 75 = 105 Markdown = 40 % = 0. 4 Rs. Markdown = 105 x 0. 4 = 42 Reduced sale= 105 - 42 = 63 Rs.