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
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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?
Transcribed Image Text: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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