BUYING AND SELLING

Solve the following problem systematically showing your complete solution. Use the space
provided for your answer.
Jhonbert decides to impose a mark-up of Php 5 on each pen he sells to his classmates
and friends. This represents a 20% mark-up based on the selling price. Find the cost
and the selling price of the pens Jhonbert sells. (5 pts)

Mark up: 5.00

Mark up rate 20%

MU = MUR x SP
C = SP-MU
5.00 = 0.20 x SP
C = 25-5
Cost = ₱ 20
5.00 = 0.20SP
Jhonbert’s pens had a cost price of
0.20 0.20
Php 20.

₱ 25 = Selling Price
The selling price of each pen of
Jhonbert sells is Php 25

Find the regular selling price and the cost price of a memorabilia items being sold
for PHP500 if the mark-up is set at a rate of 25% of the cost price with an
approved 15% mark-on rate based on the cost price included because of a special
event. (5 pts)

PSP= Php 500

MUR= 0.25
MOR: 0.15

PSP = RSP + MO
C= = 357.14
PSP = C + MU + MO
RSP = C + MU
500 = C+ 0.25C + 0.15C
MU = MUR x C
500 = 1.4C
MU = 0.25 x 357.14
1.4 1.4
MU = 89.29

C= 357.14
RSP = 357.14 + 89.29
The cost price of memorabilia items is
The regular selling price of the
Php 357.14
memorabilia item is Php 446.43
 Super Mall paid PHP15000 for a set of dishes. Expenses are 18% of the selling price
while the required profit is 15% of the selling price. During an inventory sale, the set of
dishes was marked down by 30%.

Given:
Expenses = 18% or 0.18
Profit = 15% or 0.15
Mark down rate = 30% or 0.30
C = 15 000

a. What was the regular selling price?

S=C+E+P
S = 15 000 + 0.18S + 0.15S
S - 0.18S - 0.15S = 15 000
0.67S = 15 000
0.67 0.67

S= 22 388.06
The regular selling price of the set of dishes is PHP22 388.06

b. What was the sale price?

100% - 30% = 70% (The sale price is 70% of selling price)
SP = 0.70 ⋅ S
SP = 0.70 ⋅ 22 388.06

SP = 15 671.642
The sale price of the set of dishes was Php 15 671.642

c. What was the profit or loss?

CTOTAL = C + E ⋅ S
CTOTAL = 15 000 + 0.18 ⋅ 22 388.06
CTOTAL = Php 19 029.85

P = SP - CTOTAL
P = 15 671.642 - 19 029.85
P= -3 358.208
The super mall incurred a loss of Php -3 358.208 in the sale of the set of dishes
 REFLECTION

How did you find the learning activity? Was it easy or difficult? Why did you say
so?

What difficulties did you encounter while doing the activity? How did you
overcome it?

What do you think you need to do to retain the information that you have
learned? Applying it in my daily life.
Give your thoughts on this:
If you buy things you do not need, soon you would have to sell things you need. – Warren Buffet