Entrepreneurship

Front

It is the result when sales exceed the cost to produce goods or render the services. It is also recognized when earned, whether paid in cash or charged to the account of the customer.

Back

REVENUE

Front

Nathaniel sells bottled water in a nearby city bus terminal. Every day he can sell 30 pieces of bottled water at 20 pesos each. How much is Nathaniel’s daily sales?

Back

PHP 600

Answer explanation

FORMULA:

REVENUE (DAILY) = SELLING PRICE x QUANTITY SOLD

REVENUE = PHP 20 x 30pcs

REVENUE = PHP 600

Front

This refers to the amount added to the cost of a product to determine the selling price.

Back

MARK-UP

Front

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos, how much is the mark-up?

Back

PHP 40

Answer explanation

FORMULA:

MARK-UP PRICE = SELLING PRICE - COST

MARK-UP PRICE = PHP 175 - PHP 135

MARK-UP PRICE = PHP 40