To Find Markup Rate % when Principal Amount, Markup, and Time period are known (WP No.6 Markup)

Khushi bought a computer for Rs. 100,000 and paid a markup of Rs. 25,000 for 2 years. What markup rate did she pay?

Given:

Principal Amount (P) = Rs. 100,000
Markup = Rs. 25,000
Time period (T) = 2 years

To Find:

Markup Rate (R) =?







Solution:

General formula for markup is

 To find R from the above formula

Markup Rate (R) = `\frac{Rs. 25000\times100}{Rs. 1000000\times2}`

Markup Rate (R) = 12.5 %

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