Revenue and Markup Quiz

The formula for computing markup is:

• Cost ÷ Markup %

• Cost + Markup %

• Selling Price – Cost

• Cost × Markup %

Revenue is best defined as:

• Money left after expenses

• Total income earned from sales

• The same as profit

• Only cash collected

The following are factors affecting revenue forecasting except:

• Competitors

• Customer lifestyle

• Economic conditions

• Type of notebook used in class

A T-shirt costs ₱100. If markup is 50%, what is the markup amount?

• ₱25

• ₱40

• ₱50

• ₱75

The selling price is computed by:

• Cost – Markup

• Markup ÷ Cost

• Cost + Markup

• Cost ÷ Markup

Which of the following is an internal factor affecting revenue?

• Competitors

• Plant capacity

• Customer buying habits

• Economic downturn

Daily revenue of ₱3,000 multiplied by 30 days gives:

• Annual revenue

• Weekly revenue

• Seasonal revenue

• Monthly revenue

A dress costs ₱400, markup is 25%. What is the selling price?

• ₱450

• ₱520

• ₱530

• ₱500

When sales increase by 10% from one month to the next, this is an example of:

• Decrease in revenue

• Seasonal growth

• Revenue increase

• Internal factor

Which is the formula for yearly revenue?

• Daily Revenue × 365

• Monthly Revenue × 30

• Weekly Revenue × 12

• Daily Revenue × 365