Markup and Markdown

It's a price that commodity sold per item.

• Markdown

• Selling Price

• Markup

• None of the above

What is the formula for the rate of markup based on the cost.

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It is a Price that merchant pays for an item.

• Markup

• Markdown

• Selling Price

• Cost Price

To cover the expenses or overhead of running the business, a ______ is put on the product.

• Markdown

• Profit

• Markup

• Expense

Which of the following is true?

• Markon is the reduction of price on the product.

• Markdown is the decrease of price on a product.

• Markup is the increase of price only on peak season.

• Markup result to a negative profit in a business.

A burger store sells their burger for ₱150. However, they wish to lower their price to ₱100. How much is the markdown?

• ₱ 250

• ₱ 100

• ₱ 50

• ₱ 150

A golf shop pays it wholesaler ₱ 40 for a certain club, and then sells it to a golfer for ₱75. what is the amount of markup?

• 35

• 115

• 45

• 75

A new pair of sunglasses cost ₱ 2,840. Thew selling price is ₱4,200.

What is the amount markup?

• ₱1,460

• ₱1,380

• ₱1,480

• ₱1,360

Find the rate of markup based on cost.

Given: Markup = ₱1,360

Cost = ₱2,840

• 48.89%

• 46.89%

• 47.89%

• 49.89%

A company is introducing a new product cost ₱760. Twenty-five percent of the cost goes to their operating expenses. The company want to earn a profit of 15% of the cost. How much is the company's markup on the new product?

• ₱ 304

• ₱294

• ₱314

• ₱204