(based on selling price rate) are
Exercises not equal.
Answer the following questions. Show your solutions. Write your answers in your notebook.
1. A bookstore sells Business Mathematics at \( 25 \% \) higher than its purchase price. If the original cost is P 230 . How much is the markup?
2. A reseller of avocado purchase it at \( \mathbf{P} 45.00 \) per kilo and resells it at P55 per kilo. How much is the markup, markup rate, gross margin and gross margin rate?
3. A smartphone originally sold at \( P 15,499.00 \) is marked \( 35 \% \) off. How much is the markdown and the new selling price?