Activity

Solve the following situations (based on cost)

1. Irene bought a desk for PHP400 from an office

supply house. She plans to sell the desk for
PHP600. What is Irene Peso mark up? What is
her percent mark up on cost?
2. Suki Nora bought dolls for her toy store that cost
PHP12 each. To make her desired profit, Suki
must mark up each doll 35% on cost. What is the
peso mark up? What is the selling price of each
doll?
Solve the following situations (based on cost)

3. Jay Luna sells calculators. His competitor sell a

new calculator line for PHP14 each. Jay needs a
40% percent mark up on cost to make his desired
profit, and he must meet the price competition.
At what cost can Jay afford to bring these
calculators into the store. What is the peso mark
up?
Solve the following situations (based on cost)

4. On an Lazada auction, Richard Lajara bought an old

Woody Woodpecker oil painting for PHP120,000.
He plans to sell it at a toy show for PHP174,000.
What are the peso mark up and percent of mark
up on cost?
5. Lebron Yov, store manager for Best Tea, dose not
know how to price a Milk Tea that cost PHP60.
Lebron knows that his boss wants a profit of 45%.
Help Lebron price the milk tea?
Solve the following situations (based on cost)

6. Bench Ltd has a mark up of PHP200 on a pair of

jeans that sells for PHP675? Find the cost and
percent of mark up on cost.
7. A stereo center buys a tape deck for PHP275 and
sells for PHP429.99. What is the mark up and
percent of mark up?
Solve the following situations (based on cost)

6. Bench Ltd has a mark up of PHP200 on a pair of

jeans that sells for PHP675? Find the cost and
percent of mark up on cost.
7. A stereo center buys a tape deck for PHP275 and
sells for PHP429.99. What is the mark up and
percent of mark up?
Solve the following situations (based on SP)

1. Bench Ltd has a mark up of PHP200 on a pair of

jeans that sells for PHP675? Find the cost and
percent of mark up on cost.
Solve the following situations (based on selling
price)
1. Irene bought a desk for PHP450 from an office
supply house. She plans to sell the desk for
PHP699.99. What is Irene Peso mark up? What is
her percent mark up selling price?
2. Suki Nora bought dolls for her toy store that cost
PHP14.50 each. To make her desired profit, Suki
must mark up each doll 35% on selling. What is
the peso mark up? What is the selling price of
each doll?
Solve the following situations (based on selling
price)
3. Jay Luna sells calculators. His competitor sell a
new calculator line for PHP140 each. Jay needs a
40% percent mark up on selling price to make his
desired profit, and he must meet the price
competition. At what cost can Jay afford to bring
these calculators into the store. What is the peso
mark up?
Solve the following situations (based on selling
price)
4. Cecil Blue sells golf hats. She knows that most of
people will not pay more than PHP399.99 for a golf
hat. Cecil needs a 45% mark on selling price.
What should Cecil pay for his golf hats?
5. On January 22, 2019, U.S. ABM News informed
readers on the results of After Christmas sales.
Macy’s selling Calvin Klein jeans shirts that were
originally prices at $58 for $8.70. What is the
amount of markdown and percent of markdown?
6. On March 10, 2019, The ABM news reported that
Cebu Pacific would increase its prices for Jetliners.
With selling price of PHP201.5 million and cost of
PHP190.1 million, what was the percentage of
mark up based on selling price?
7. The December 2018 issue of CBA News reported a
2017 Volkswagen with a dealer invoice price of
PHP1,200,000 was retail price of PHP1,650,000.
How much is the percentage of mark up based on
selling price.
Trade Discount
1. The list of price of a Fossil watch is PHP4565. Richard
Lajara receives a trade discount of 40 percent. Find
the trade discount amount and the net price?
2. The November 2018 issue of CBA Business Horizon
featured article titled, “The impact of Trade War”.
ABM Company asked for and received a discount
from suppliers. The discount was in the form of
PHP750 rebate. If ABM Company order PHP7650,
what is the percent did they received?
3. Which actually cost less; PHP300 of 10-gage wire
which is offered with trade discount of 40% or
PHP450 coil of 12-gage wire which is offered with
a trade discount of 65%
4. A stereo unit has a list price of PHP1000. It goes
on sale at a discount of 30% and then goes on
clearance for an additional 20% off. What is the
final price of the stereo?
5. Which actually cost less; PHP1300 of 10-gage wire
which is offered with trade discount of 400 or
PHP2450 coil of 12-gage wire which is offered
with a trade discount of 65%
6. Chicken feed sells for PHP2.50 a pound. Farmer
Gray buys 750lb of chicken feed. How much must
he pay if he is given a 7% farm cooperative and a
5% discount for quantity?
7. ABM furniture buys a living room set with
PHP45000 list price and 55% discount trade
discount. Delivery charge of PHP50 is not part of
the list price. What is the net price of the room
set.
8. From problem number 8, what is the net price of
PHP45,000 if the a cash discount of 2/10, n/30,
ROG? The invoice had an April 8 date. ABM
furniture received goods on April 19 and paid the
furniture in April 25.
9. ABM furniture buys a living room set with
PHP50000 list price. Delivery charge of PHP50 is
not part of the list price. The supplier of the
furniture provide a cash discount of 5/10, n/30,
EOM? The invoice had an April 8 date. ABM
furniture received goods on April 19 and paid the
furniture in April 25.
10. ABM Pizza Parlor offers a 12/7.5/2.5 chain
discounts to many of its customers. One of
company customer ordered 20 box of pizzas with
a total price of PHP2490. What is the net price of
the pizza. What is the trade discount amount?
11. On March11, CBA Corporation received a
PHP20,000 invoice dated March 8. Cash discount
terms were 4/10, n/30 (ROG). If CBA Corporation
settle its payment obligation on March 21, what is
the net price of the goods?
12. ABM purchased seven new computers for
PHP22,300 each. It received a 15% discount
because its purchased more than five and
additional 6% discount because it took
immediately delivery? Terms if payment were
2/10, n/30. Determine the net amount of the
computer?