Don’t forget to write out the problem at the top of the page, date the work and show all your workings out (even the wrong answers) and then file the evidence in your folder!
I am thinking about buying a camera for £250 and its mark-up is 60%. The salesperson will earn an 11% commission on the selling price only. How much commission will they make from the sale?
Not sure what the mark up means? The camera will cost an amount of money to make, ship and display in the store. The company is adding 60% on to that amount to make a new lager sale price – it’s their profit!
You can share your answers here in the forum on the website or with me as I visit during the week. Remember you need to show your workings out to get the maximum points.