Happy Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price,
a. What is the regular selling price of the TV set?
b. What was the cost of the TV set?
c. What is the rate of mark-up based on cost for the TV set?
d. If overhead expenses are at 27% of the cost, what is the break-even price of the TV
set?
e. If the TV set is sold at PhP7,500, how much profit or loss is incurred by Appliance
Store?

Below is the answer.

Step-by-step explanation:

let s = the selling price.

the selling price presumably includes the cost plus the mark up plus the anticipated profit.

you have s = c + m + p

since m = 3450 and m = .4 * s, then you get:

.4 * s = 3450.

solve for s to get = 3450 / .4 = 8625.

your equation of s = c + m + p becomes:

8625 = c + 3450 + p

you don't know what p is supposed to be.

you don't know what c is supposed to be.

you need p to solve for c.

you need c to solve for p.

the best you can do is solve for c in terms of p, or solve for p in terms of c.

solving for c in terms of p gets you:

c = 8625 - 3450 - p which becomes c = 5175 - p

solving for p in terms of c gets you:

p = 8625 - 3450 - c which becomes p = 5175 - c.

you say that overhead expenses are 27% of the cost.

does this assume that overhead expenses are included in the cost.

regardless, if you don't know the cost, you can't solve for the overhead expenses.

i don't think you can solve this problem with the information given.

you might want to check to see if you're missing some information required to solve it.

you'll just earn points here

step-by-step explanation: