Today I opening my blog only for looking at my friend blog n comment their work..
hehe
Seem like everyone so busy updating their blog n me too. ;p
Nway, tomoro we hav a test 2.
Oh no, I don’t even study yet.
Lot of work to do when it come to the last week for dis sem.
Wish me luck k.
Daa~

Markdown

Mark down is decrease in the selling price. It is the difference in the old retail price and the new retail; that is ,
MD = OP - NP
Where MD = markdown
OP = old retail price
NP = new retail price

For example :

The markdown per cent on a TV set is 10%. If the new retail price is RM900, find the old retail proce.

Solution :
Let the old price be RM K.
From %MD = MD/OP X 100%, we get
10% = ( K- 900 ) / K
0.1K = K - 900
K - 0.1K = 900
K = RM 1000.

Mark-Up

Mark-up is difference in retail price and the cost price, that is
R = C + M
Where R = retail price
C = cost price
M = mark-up

For example :

The price of an antique table is RM5000. What is the retail price if the seller wants a 20% mark-up based on

( a ) cost price
( b ) retail price

Solution :

( a ) Let the retail price be RM x. Then
R = C + M
RM5000 0.2(RM5000)
Retail price = 5000 + 0.2(5000) = RM 6000
The retail price is RM6000.

( b ) Let the retail price be x. Then
R = C + M
X = 5000 + 0.2x
0..8x= 5000
X = 5000/0.8
X = RM 6250

Mark up and Mark Down

Many businesses complete with one another through the mark-up and the markdown of their products. As the result, consumers benefit as they are able to compare prices for the best option, and have a choice of what to buy and where to buy it from.

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Trade Discount

How To Calculate Trade Discount?

Trade Discount occur when a manufacturer or distributor sells items to a retailer.

List Price – Trade Discount = Net Cost

For Example :



List Price of a Sharp EL-531W calculator is $18.99
Trade Discount is 35%

Analysis :

List Price : $18.99
Trade Discount : 35%

Net Cost : $18.99 - $6.65 = $12.34

$6.65 = Trade Discount
To find it,

$18.99 x 0.35 = $6.65