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Business Mathematics Practice Questions — Set 6

What is the formula for profit?

A sari-sari store buys rice for ₱40/kg and sells it for ₱50/kg. What is the profit per kg?

What is markup?

If an item costs ₱200 and has a 30% markup on cost, what is the selling price?

What is markup percentage based on cost?

What is markdown?

SM sells a shirt originally priced at ₱500 with a 20% markdown. What is the sale price?

What is gross profit margin?

Jollibee sells a meal for ₱150 that costs ₱60 to make. What is the markup percentage on cost?

If you want a 25% profit margin on selling price, and an item costs ₱300, what should be the selling price?