PRACTICE 1. Iam waiting for a pair of sunglasses currently priced at PhP1250 to be sold at a sale price of PhP875. What rate of mark-down will be necessary for this to happen? 2. The Cellphone Company...

2.The cellphone company buys iphone at PhP24,000. Expenses are set at 17% of the selling price and the required profit is set at 20% of the selling price. During a weekend sale,the iPhone is sold at 10% discount. A.what is the regular selling price of the iPhone? B.what is the sale price of the iPhone? C.How much did the cellphone company gain or lose when the iPhone was sold during weekend sale?


Extracted text: PRACTICE 1. Iam waiting for a pair of sunglasses currently priced at PhP1250 to be sold at a sale price of PhP875. What rate of mark-down will be necessary for this to happen? 2. The Cellphone Company buys iPhones at PHP24,000. Expenses are set at 17% of the selling price and the required profit is set at 20% of the selling price. During a weekend sale, the iPhone is sold at 10% discount. A. What is the regular selling price of the iPhone? B. What is the sale price of the iPhone? C. How much did The Cellphone Company gain or lose when the iPhone was sold during the weekend sale? 3. Appliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price, A. What is the regular selling price of the TV set? B. What was the cost of the TV set?