Answer:
Mark-up = 50%
Explanation:
Given the following data;
Selling price = 15 Pesos
Purchasing cost = 10 Pesos
To find the mark-up;
First of all, we would determine the profit;
[tex] Profit = Selling \; price - Purchasing \; cost [/tex]
Profit = 15 - 10
Profit = 5 Pesos
Now, we can solve for the mark-up using the formula below;
[tex] Mark \; up = \frac {Profit}{Purchasing \; cost} * 100 [/tex]
[tex] Mark \; up = \frac {5}{10} * 100 [/tex]
[tex] Mark \; up = \frac {500}{10} [/tex]
Mark-up = 50%
