To Find Markup when P, T, and R % are known(WP No.3 Markup)

Find the markup on a principal amount of Rs.75,500 at the rate of 9% per annum for 4 years.

Given:

Principal Amount (P) = Rs. 75,500
Markup rate (R) = 9% per annum
Time period (T) = 4 years

To Find:

Markup =?




Solution:

Using the formula,

Markup =`\frac{9\times Rs. 75500\times4}{100}`

Markup =Rs.27,180

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