Entrepreneurship-Fidelity-March 30

It refers to the amount added to the cost of a production to determine the selling price.

• cost

• mark-down

• mark-up

• revenue

The selling price of an item or merchandise is computed by adding cost per unit and _____?

• cost

• mark-down

• mark-up

• revenue

Aling Cecille sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

• 450.00

• 800.00

• 900.00

• 1000.00

It is the result when sales exceed the cost to produce goods or render services.

• benchmarking

• forecasting

• revenue

• selling

Manong Sergei sells t-shirt at P175.00 each. If each t-shirt costs P135.00. how much is the mark up?

• 30.00

• 40.00

• 45.00

• 50.00