MARKUP PERCENTAGE
Authored by Ma. Mercado
Other
7th Grade
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
TRUE OR FALSE
Markup is the difference between the selling prices of a good or service and cost.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
TRUE OR FALSE
Markup is added into the total cost incurred by the producer of a good service in order to cover the costs of doing business and create a profit.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
TRUE OR FALSE
To calculate percent markup based on cost, subtract the peso markup.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
TRUE OR FALSE
The mark up of a good or service must be enough to offset all business expenses and generate a profit.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
TRUE OR FALSE
When markups are based on cost the selling price is 100 percent
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ITEM: OIL
PURCHASED COST: PHP 1800.00
SELLING PRICE: PHP 2250.00
How much is the PESO MARKUP?
PHP 250.00
PHP 450.00
PHP 600.00
PHP 850.00
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
ITEM: SUGAR
PURCHASED COST: PHP 24.00
SELLING PRICE: PHP 30.00
How much is the PESO MARKUP?
PHP 6.00
PHP 5.00
PHP 4.00
PHP 3.00
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