Business Math

Business Math
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Storyboard Text

  • Overrun store sells 100 pairs of skinny jeans at 500 pesos each, 150 pairs of ripped jeans at 700 pesos each, 90 pairs of clean cut jeans at 400 pesos each, and 200 pairs of high waist jeans at 800 pesos each.
  • Over Run Store
  • Bea is a pants enthusiast. Since she has a heart for pants or jeans when she went to the mall, Over Run Store immediately caught her attention.
  • The Mall
  • Due to the service Bea experienced, she later on recommended the store to her friends. 
  • Hey Bea! Do you know a place where we can purchase good  jeans??
  • Try Over Run Store!
  • 1. Over Run Store sells highwaist pants at 800 php each. If each highwaist pants costs 450 php, determine the mark up and the rate of mark up based on the given cost.
  • Bea bought 5 pairs of high waist jeans.
  • Given:                      MU=SP-C                                SP=800php             MU= 800 php– 450 php C=450 php             MU = 350 php MU=? MUR=?         MUR= MU/ C                                = 350 /450                                  = 0.7778  or  77.78%
  • After hearing Bea's recommendation about how good the  quality of jeans are, Julia and Angel later on visited the store to buy some pants.
  • GIVEN:                                                      MU=150PHP SP=3200PHP / 8= 400PHP C=? MUR=? SP = C+ MU 400 = C + 150PHP C= 400PHP- 150 PHP C= 250 PHP             
  •   C= MU/ MUR 250PHP=150PHP/MUR 250 MUR / 250 = 150/ 250 MUR= 0.6 OR 60%
  • 2. Angel bought 8 pairs of clean-cut pants at 3,200php. If the amount of markup per pair of clean-cut is 150php. What is the cost per pair of clean-cut pants and the rate of markup based on cost?
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