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A reseller bought 50 handbags that cost P40,000.00. The reseller availed 10 % trade discount for this transaction. She plans to sell each handbag at a markup based on cost of 40%.
Problem 1: What is the original price of each handbag?
Problem 2: How much is the trade discount availed for this transaction?
Problem 3: How much is the cost of each handbag after the trade discount is availed?
Problem 4: What is the mark-up rate based on the selling price?
Problem 5: If a new model will come out in the market, and the reseller decides to markdown the price of the handbag by 10%, what is the amount of the markdown?
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