BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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₱7, 819.00
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₱7, 918.00
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₱7, 189.00
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₱7, 198.00
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Detailed explanation-1: -When the cost is $5.00 you add 0.30 × $5.00 = $1.50 to obtain a selling price of $5.00 + $1.50 = $6.50. This is what I would call a markup of 30%. 0.70 × (selling price) = $5.00.
Detailed explanation-2: -For example, if a product costs $100, the selling price with a 25% markup would be $125: Gross Profit Margin = Sales Price – Unit Cost = $125 – $100 = $25. Markup Percentage = Gross Profit Margin/Unit Cost = $25/$100 = 25%. Sales Price = Cost X Markup Percentage + Cost = $100 X 25% + $100 = $125.
Detailed explanation-3: -Markup percentage is calculated by dividing the gross profit of a unit (its sales price minus its cost to make or purchase for resale) by the cost of that unit. If an item is priced at $12 but costs the company $8 to make, the markup percentage is 50%, calculated as (12 – 8) / 8.
Detailed explanation-4: -FORMULA:Peso mark-up = selling price-buying pricePercentage markup = peso markup / sellingprice = percentage markupITEMPURCHASE COSTSELLING PRICEPESO MARKUPPERCENTAGEMARKUP33%1.00YEMACANDYCHICHARONPULVORON2.