Answer:
The cost of the washing machine is P 3,544
The mark-up rate is 35.21%
Step-by-step explanation:
1. We want to calculate the cost
Mathematically, this is the difference between the selling price and the mark up
We have this as;
4,792 - 1,248 = P 3,544
2. Here, we want to calculate the mark-up rate
Mathematically, this is the percentage of mark-up
That is;
mark-up/cost price * 100%
: 1,248/3,544 * 100% = 35.21%
