1. Aling Ana would like to sell little trinkets she purchased from Divisoria fo PhP12 each. If the operating cost is set at 25% of the cost and she would lik have a 15% profit on the cost of each item, a. Determine the mark-up price for each trinket. b. Help Aling Ana determine the selling price for each trinket.

1. Aling Ana would like to sell little trinkets she purchased from Divisoria fo PhP12 each. If the operating cost is set at 25% of the cost and she would lik have a 15% profit on the cost of each item, a. Determine the mark-up price for each trinket. b. Help Aling Ana determine the selling price for each trinket.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1.
Aling Ana would like to sell little trinkets she purchased from Divisoria for
PhP12 each. If the operating cost is set at 25% of the cost and she would like to
have a 15% profit on the cost of each item,
a. Determine the mark-up price for each trinket.
b. Help Aling Ana determine the selling price for each trinket.
2.
A jacket which costs PhP1,350 is being sold at PhP2,025. What is the rate of
mark-up based on cost?

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