Mark-up, Mark-down, and Mark-on

A local Filipino business sells handmade bags. The cost to produce one bag is ₱500. If the business applies a 40% mark-up, what is the selling price of the bag?

• 700

• 800

• 900

• 1000

A local entrepreneur produces a handmade Filipino wallet for ₱300. If they apply a 50% mark-up, what is the selling price of the wallet?

• ₱350

• ₱400

• ₱450

• ₱500

A small business sells a locally-made bamboo tumbler for ₱800, with a production cost of ₱500. What is the mark-up percentage?

• 50%

• 60%

• 80%

• 100%

A vendor sells a handcrafted Filipino basket for ₱1,200 after adding a 40% mark-up. What is the original cost price?

• ₱857.41

• ₱875.14

• ₱857.14

• ₱875.41

A Filipino souvenir shop applies a 30% mark-up to a native fan that originally costs ₱200. However, they later give a 10% discount on the selling price. What is the final price after the discount?

• ₱324

• ₱234

• ₱432

• ₱243

A local producer wants to sell banana chips in the market. Each pack costs ₱80 to produce. If the target mark-up percentage is 25%, what should be the minimum selling price to break even?

• ₱90

• ₱95

• ₱100

• ₱105

A small business in Naga City sells Pili Nut Tarts for ₱250 per box. To attract more customers, they decide to mark down the price by 15%. What is the new selling price per box?

• ₱212.50

• ₱225.50

• ₱235.50

• ₱200.50

A store in Legazpi City sells Laing in Cans for ₱180 each. If they apply a 20% mark-down, which of the following statements are TRUE?

• The discount amount is ₱36

• The new price is ₱144

• The markdown percentage is 30%

• The discount amount is ₱40

A market vendor in Sorsogon sells Pinangat for ₱120 per pack. If she applies a ₱24 markdown, what is the markdown percentage?

• 10%

• 15%

• 20%

• 25%

A Bicol Express specialty store priced their frozen packs at ₱350. After a ₱70 markdown, what is the markdown percentage?

• 15%

• 18%

• 20%

• 25%