1.) Calculate percent mark-up based on cost.
GIVEN: Peso mark-up — 5.00
Purchase cost — 50.00
Percentage mark-up is?_________
A. .2 or 20%
B. .1 or 10%
C. .3 or 30%

2.) Calculate for percentage mark-up based on selling price.
GIVEN: Peso mark-up — 5.00
Selling price —60.00
What is the percentage mark-up on selling price?________
A. .083 or 8.3%
B. 12%
C. 8.4%​