mark-on/up/dowm

Which of the following refers to the sum of all the operating expenses and profit?

• mark-on

• margin

• mark-up

• mark-down

A product originaly costs ₱50 and is now sold at ₱100. How many percent is the profit?

• 25%

• 50%

• 75%

• 100%

What is the sum of the mark-up and the cost price?

• cost

• loss

• profit

• selling price

What do we call the additional increase in the price of a product during peak season?

• mark-on

• mark-up

• margin

• mark-down

When should you NOT impose mark-on on your product?

• During Christmas Holiday

• When a calamity has recently hit the area

• When you need to sold out all your products

• When there is a limited supply for raw materials

Which of the following mathematical equations can we use to solve for the mark-on?

• MO = MU + S

• MO = S – MU

• MO = NP – S

• MO = S – NP

Traders often lower their prices to get rid of “poor-sale” products. What do we call this price reduction?

• mark-on

• margin

• mark-up

• mark-down

Which among the following situations does NOT encourage businessmen to impose mark-down on their products?

• Seasonal demands

• Poor-sales of a product

• The item is perishable and it needs to be disposed

• Competition against other sellers of the same product

What do we call a mark-down on a product that sometimes results to a negative profit?

• cost

• loss

• profit

• selling price

Which of the following statements is true?

• Mark-on is the reduction of price on a product.

• Mark-down is the decrease of price on a product.

• Mark-up is the increase of price on peak seasons.

• Mark-up results to a negative profit in the business.