Performance

Check
Business Math 11, Group 1
 Objectives
Identify 3 specific products/ items that are in demand/
commonly sold in your community. You need to compare
the chosen item/ product in three different markets
various locations.
Discuss the similarities/ differences in the original price,
markup amount, and markdown amount of the chosen
item in the different marketplaces. Cite reasons why there
are similarities/ differences in original price, markup and
markdown amounts.
Lets Start
 Locations we used for
reference/ owners
that were interviewed

Store A Store B Store C

Store A is owned by Store B is owned by Store C is owned by
Ace Andrion. This Euriselle Oro. This Dodong Halique.
store is located in store is located in This store is located
Banga, South Dumadalig, in Isulan, Sultan
Cotabato Tantangan South Kudarat
Cotabato
GRAPH 1.0
GRAPH 1.1
GRAPH 1.2
 Conclusion/Observation
1 Upon observing and evaluating the
2 An observation we took notice
different prices of various items from
different retailers, we have noticed that
there is somewhat of a difference on
the goods for sale in each location. The
differences aren't necessarily on the
larger scale of things, but there is a
difference to take note.
3 Sari sari stores tend to go by
what the general prices on
4 In some remote areas, we have
the market currently are.
They tend to not go beyond
that, granted that they stay in
line with their competitors.
to was the fact that the
difference in prices never
exceeded 5 pesos. It was
observed by our group that
generally, prices are the same
based on the current state of
the national economy.
noticed that some of their prices
are slightly higher. Due to this, we
have taken to accountability the
transport fees and other expenses
given that in the first place, they
reside in remote areas, typically far
away from the suburbs, hence the
higher prices or the higher price
hikes.
Full Essay is found at the last slide
Concept Review
Original
Mark Up Mark Down Price
Amount Amount

New
Selling
Price

Prepared by Group 1
Fender Troy Libunao
Kirby James Ladines
Matheiu De Jesus
Caesar Ian Jacinto
Karl Adrian Celeste
John Richard Faustino
 Thank You
“Rule No. 1: Never lose money; rule No. 2:
Don’t forget rule No. 1.” – Warren Buffett, CEO
of Berkshire Hathaway
 Full Essay
Upon observing and evaluating the different prices of various items from
different retailers, we have noticed that there is somewhat of a difference on the
goods for sale in each location. The differences aren't necessarily on the larger scale
of things, but there is a difference to take note. An observation we took notice to
was the fact that the difference in prices never exceeded 5 pesos. It was observed by
our group that generally, prices are the same based on the current state of the
national economy. Sari sari stores tend to go by what the general prices on the
market currently are. They tend to not go beyond that, granted that they stay in line
with their competitors. In some remote areas, we have noticed that some of their
prices are slightly higher. Due to this, we have taken to accountability the transport
fees and other expenses given that in the first place, they reside in remote areas,
typically far away from the suburbs, hence the higher prices or the higher price
hikes. Another common trend is the expanding of inventory, in other words, a show
of force. Some sari sari stores like to add more inventory to their store because to
the typical consumer, it looks flashier. It attracts more because of the value that it
holds in its display. We have evaluated three items that were for sale in these stores
that we found interesting to study.
 Namely, the surgical facemask, ice/ice water, and the Hansel biscuit (1 pack). All of
the items evaluated were bought for 1pax, or bought singularly. The biggest
differences of price were found in the Ice or Ice Water and the other products
remained constant in their prices. In store A, the product was priced at 2.50 pesos.
Whilst in stores B and C, they were marked at 3 and 5 pesos a piece, respectively. At
store A, the original prices of products; surgical facemask, ice/ice water, and the
Hansel biscuit (1 pack) are 0.52 centavos, 1.50 pesos, and 6.50 pesos. At store B, the
original prices of the same products (in order) are 0.48 centavos, 1.50 pesos, and 6.50
pesos, At store C, 0.52 centavos, 1.50 pesos, and 6.50 pesos. In the cases of stores A,
B, and C, they were all found to have relatively close prices. The reason being is to
stay in line with their competition and the general economy of the country. They
have to stay in line with the stereotypical prices in order to not get into trouble with
the law. After all, overpricing and hoarding is a crime punishable by our law. After
taking into consideration the different factors mentioned earlier like the transport
fees and whatnot, we have come to justify the prices given by the
examined/evaluated stores. As business students of the ABM strand, we have found
and come to understand the rationale as to why the prices are different. As a result,
we have better understood the different concepts on pricing that were taught to us
in our Business Math subject. We have come to appreciate this activity because it
has increased our learnings effectively.