III. Determining the Markdown Rate ".1 ______ - -7 r In. Whr b. A digital camera, which was originally priced at P6,500, was marked 40% off. How much is the markdown? How much is the selling price? V. Determining the Gross Margin and the Gross Margin Rate '- 1. .'l- 4' -1}; _ "'LL .. .------_- " ,_,..... ml um 11L L' z' ~ ., _.. r uI b. In 2018, David bought a 200 square meter lot for P200,000. This year, he is planning to sell the lot for P2,000,000. How much is the gross margin? What is the gross margin rate? 1. Determining the Markup and the Markup Rate b. A bookstore decides to sell an algebra book, which was originally purchased for P250, at a price that is 20% higher than the original cost. How much is the markup? II. Calculating the Selling Price Given the Markup Rate A; uuum .' b. A gadget shop gives a markup rate of 30%. What is the selling price of a laptop that originally costs P25,000