Mark up, Mark on, Mark down

What is the selling price of a t-shirt that costs ₱120 with a mark-up rate of 50%?

• 60 pesos

• 180 pesos

• 160 pesos

• 200 pesos

What do we call a mark-down on a product that sometimes results in a negative profit?

• a. cost

• b. loss

• c. profit

• d. selling price

Which of the following refers to the sum of all the operating expenses and profit?

• a. mark-on

• b. margin

• c. mark-up

• d. mark-down

When should you NOT impose mark-on on your product?

• a. During Christmas Holiday

• b. When a calamity has recently hit the area

• c. When you need to sold out all your products

• d. When there is a limited supply for raw materials

Traders often lower their prices to get rid of 'poor-sale' products. What do we call this price reduction?

• a. mark-on

• b. margin

• c. mark-up

• d. mark-down

Micah has a milk tea shop that sells milk tea for ₱85 for the regular-sized cup. However, she is not earning enough to cover the expenses and thus results in zero profit. What should she impose on her product to address this problem and since Milk tea Festival is coming? Why?

• a. Mark-on, she can increase the price anytime she wants.

• b. Mark-on, she can take advantage of the Festival to earn more.

• c. Mark-down, she can decrease the price and it will all be sold out.

• d. Mark-down, she can sell more if her products are affordable.

What do we call the additional increase in the price of a product during peak season?

• a. mark-on

• b. mark-up

• c. margin

• d. mark-down

On All Soul's Day, Tris sells candles for ₱35 per pack. But on a regular day, she sells them at ₱20 per pack. How much is the mark-on she imposed?

• a. ₱10.00

• b. ₱15.00

• c. ₱35.00

• d. ₱55.00

Which of the following statements is ALWAYS true?

• a. Mark-on should be large enough to earn bigger.

• b. Mark-down should be large enough to gain profit.

• c. Mark-up should be equal to the sum of all the expenses.

• d. Mark-up should be sizable enough to cover the expenses.

Which among the following situations does NOT encourage businessmen to impose mark-down on their products?

• a. Seasonal demands

• b. Poor-sales of a product

• c. The item is perishable and it needs to be disposed

• d. Competition against other sellers of the same product