Question

XYZ Ltd has sent Sh.250000 of goods on wholesale price to its branch at Karatina. The Karatina branch manager has marked up the price up 40%. Find the list price of the goods at Karatina branch.

Answer 1

Answer:

the list price is 350,000

Explanation:

The computation of the list price of the goods is shown below:

As we know that

Markup percentage = (Selling price - cost price) ÷ Cost price

0.40 = (Selling price - 250,000) ÷ 250,000

100,000 = Selling price - 250,000

So, the selling price is 350,000

hence, the list price is 350,000