Business Mathematics

Meaning of profit is..

• A. Total money obtained by selling goods

• B. Difference of fixed price and selling price

• C. Value remaining after subtracting expenses from earnings

• D.Total expenses in transaction

Which of the following is computed as the markup amount divided by the product cost?

• A. Markup based on selling price

• B. Cost

• C. Selling price

• D. Markup based on cost

Which of the following is the amount by which the cost of a product is increased in

order to derive the selling price.

• A. Margin

• B. Markup

• C.Cost

• D. Selling price

It is the sum of the cost of the product and expenses.

• A. Operating Expenses

• B. Original Price

• C. Selling Price

• D. Total Cost

A restaurant offered a promo sale, the original price of a dinner steak was ₱ 849 and

was sold at ₱ 619. What is the mark-down?

• A. Php 230

• B. Php 250

• C. Php 270

• D. Php 290

Jerson spends ₱3 500.00 in assembling a mountain bike. He wants to sell it with 30%

margin. How much should he sell it?

• A. ₱6 000.00

• B. ₱7 000.00

• C. ₱4 000.00

• D. ₱5 000.00

A trader was able to buy an item with a list price of ₱650.00 per piece. What is the discount

rate, if the trader paid ₱11 960.00 for 20 pieces order of the item?

• A. 11%

• B. 10%

• C. 9%

• D. 8%

How do you find the SALE PRICE?

• calculate the discount

• original price + tax

• original price - discount

• BOTH A and C

The price of a computer is 25 % off the original price of P800. What is the new cost of the computer?

• A. PHP 500

• B. PHP 600

• C. PHP 700

• D. PHP 800

Nenita is selling scented candles where she spends ₱75.00 for each scented candle. If

she wants to put a 60% markup based on cost to set the selling price, what should be her

selling price for each scented candle?

• A. ₱150.00

• B. ₱300.00

• C. ₱120.00

• D. ₱200.00