Mark-up and Margins

1. What do we call the sales minus the cost of goods sold?

• list price

• mark-up

• margin

• net price

2. What do we call the amount by which the cost is increased on a product to arrive at the selling price?

• list price

• mark-up

• margin

• selling price

3. What do we call the price of an article that includes all the expenses in the production of the product?

• cost

• mark-up

• margin

• selling price

4. What do we call the result of adding the cost and the mark-up?

• cost

• mark-up rate

• margin

• selling price

5. What do we call the result of subtracting the selling price and the cost?

• gross margin

• list price

• mark-up

• selling price

6. What do we call the result of dividing the mark-up and the cost?

• cost price

• mark-up percentage

• margin percentage

• selling price

7. A cellphone cover sells for ₱250 and costs ₱185 to manufacture. How much is the margin in percentage?

• 0.26%

• 0.35%

• 26%

• 35%

8. A seller of tumbler wanted a mark-up based on cost of 12%. If his tumbler costs ₱460, how much will be the mark-up?

• Php5.52

• Php55.20

• Php465.20

• Php515.20

9. Claire sold her headphone at a selling price of ₱750. The cost of her headphone amounts to ₱475. What is the margin percentage?

• 0.37%

• 0.58%

• 37%

• 58%

10. XYZ Trading buys travel mugs for ₱45.75 and sells them for ₱73.20. What is the mark-up percentage?

• 3.75%

• 6%

• 37.5%

• 60%