To find Markup on Installments when P, R and T are Known (WP No.4 Markup)

Find the markup on a thing whose price is Rs. 45,000 for 73 days at the rate of 10% per annum.

Given:

Principal (P) = Rs. 45,000
Markup rate (R) = 10% per annum
Time period (T) = 73 days = `{\frac{73}{365}}`years = `{\frac{1}{5}}`years

To Find:

Markup = ?




Solution:

Using the formula,




Markup = `\frac\left[10\times Rs. 45000\times\frac{1}{5}\right]{100}`

Markup =Rs. 900

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