1. Which of the following is the difference between how much an item costs you, and how much you sell that item for-it's your profit per item?
A. Costing
B. Cost of Production
C. Mark-down
D. Mark-up
2. What is the process of determining the cost?
A. Costing
B. Cost of Production
C. Mark-down
D. Mark-up
3. Peter was selling donuts. He had a 5 peso mark-up from his 10 peso purchase price for each donut. How much is the selling price of each donut?
A. 5
B. 10
C. 15
D. 20
4. Which of the following refers to the total sum of money needed for the production of a particular quantity of output?
A. Costing
B. Cost of Production
C. Mark-down
D. Mark-up
5. Ohmar is computing the percentage mark-up of his empanadas based on their buying price. The Peso mark-up is 5.00 while the buying price P20.00. What is the percentage mark-up based on the buying price?
A. 25%
B. 35%
C. 45%
D. 55%
6. Ihrus was selling kakanin. He had a 15 peso mark-up from his 50 peso purchase price for each kakanin. How much is the selling price of each kakanin?
A. 50
B. 55
C. 60
D. 65
7. Which of the following is anything that can be measured in terms of money?
A. Cost
B. Cost of Production
C. Mark-down
D. Mark-up
8. Which of the following is NOT an importance of documenting cost of production?
A. It gives reference data on the materials used together with the correct magnitude
B. It will not determine the economic viability of the product
C. Records serve as a basis for planning of selling cost
D. Records greatly help in making decisions
9. Abel is computing the percentage mark-up of his yema cake based on their buying price. The Peso mark-up is 20.00 while the buying price P100.00. What is the percentage mark-up based on the buying price?
A. 15%
B. 20%
C. 25%
D. 30%
10. Noel is computing the percentage mark-up of his fish lumpia based on their selling price. The Peso mark-up is 50.00 while the selling price is P100.00 (per pack). What is the percentage mark-up based on the selling price?
A. 25%
B. 30%
C. 45%
D. 50%
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