Calculating Mark-Up on Purchased Blouses

Question:

The entrepreneur bought 345 blouses at Php 17,350.00. If the blouses are sold at a mark-up of 150% based on cost, what was the amount of mark-up realized on the purchase?

Answer: To find the amount of mark-up realized, follow these steps:

1. Determine the Cost per Blouse:
   • Total Cost = Php 17,350.00
   • Number of Blouses = 345
   • Cost per Blouse = Total Cost / Number of Blouses Cost per Blouse=17,350.00345≈50.36 Php\text{Cost per Blouse} = \frac{17,350.00}{345} \approx 50.36 \text{ Php}Cost per Blouse=34517,350.00​≈50.36 Php
2. Calculate the Mark-Up per Blouse:
   • Mark-Up Percentage = 150%
   • Mark-Up per Blouse = Cost per Blouse × (Mark-Up Percentage / 100) $\text{Mark-Up per Blouse}=50.36\times (150/100)=50.36\times 1.5\approx 75.54\text{ Php}$
3. Calculate the Total Mark-Up:
   • Total Mark-Up = Mark-Up per Blouse × Number of Blouses $\text{Total Mark-Up}=75.54\times 345\approx 26,073.00\text{ Php}$

The amount of markup realized on the purchase of the blouses is approximately Php 26,073.00. This reflects the additional amount earned by selling each blouse at a 150% mark-up based on its cost.