Question

selling price * vat rate:

mark up rate: 12%
cost: 1500

= 180

Explanation:

⚡ Using what you learned: solving percent problems

Step 1: Identify the given values

From the image, we have:

• Markup rate = \(12\%\) (or \(0.12\) in decimal form)
• Cost = \(1500\)

Step 2: Calculate the markup amount

Multiply the cost by the markup rate:

$$ \text{Markup} = 1500 \times 12\% $$

$$ \text{Markup} = 1500 \times 0.12 = 180 $$

Answer:

The markup amount is 180.