D. Markup and Markdown 1. A car accessory is sold for Php 420 .90. The store’s marked-up based on cost is 43.28%. What is the cost of the accessory? What is the rate of markup? 2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lotte mart, the selling price of a similar juice drink was Php 30.50. What rate of markdown would Lotte mart offer to sell the drink at the same price as E-mart? E. Profit From Loss 1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 on its repairs. If he sells the scooter for Php 15 800, what is his gain or loss? 2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. How much is the selling price of the meat? F. Breakeven 1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php 5 000 and the variable cost is Php 5 per piece. At what level of production will it generate a profit of Php 1 000? 2. An electric company that produces calculators has an annual fixed cost of Php 450 000. The variable cost of producing a calculator is Php 100. The company sells the calculator for Php 250. Given an annual volume of 50 000 calculators, determine the breakeven sales volume.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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D. Markup and Markdown
1. A car accessory is sold for Php 420 .90. The store’s marked-up based on
cost is 43.28%. What is the cost of the accessory? What is the rate of
markup?
2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lotte
mart, the selling price of a similar juice drink was Php 30.50. What rate of
markdown would Lotte mart offer to sell the drink at the same price as
E-mart?
E. Profit From Loss
1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 on
its repairs. If he sells the scooter for Php 15 800, what is his gain or loss?
2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. How
much is the selling price of the meat?
F. Breakeven
1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php
5 000 and the variable cost is Php 5 per piece. At what level of production
will it generate a profit of Php 1 000?
2. An electric company that produces calculators has an annual fixed cost
of Php 450 000. The variable cost of producing a calculator is Php 100. The
company sells the calculator for Php 250. Given an annual volume of 50
000 calculators, determine the breakeven sales volume.

D. Markup and Markdown
1. A car accessory is sold for Php 420 .90. The store's marked-up based on
cost is 43.28%. What is the cost of the accessory? What is the rate of
markup?
2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lotte
mart, the selling price of a similar juice drink was Php 30.50. What rate of
markdown would Lotte mart offer to sell the drink at the same price as
E-mart?
E. Profit From Loss
1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 on
its repairs. If he sells the scooter for Php 15 800, what is his gain or loss?
2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. How
much is the selling price of the meat?
Transcribed Image Text:D. Markup and Markdown 1. A car accessory is sold for Php 420 .90. The store's marked-up based on cost is 43.28%. What is the cost of the accessory? What is the rate of markup? 2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lotte mart, the selling price of a similar juice drink was Php 30.50. What rate of markdown would Lotte mart offer to sell the drink at the same price as E-mart? E. Profit From Loss 1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 on its repairs. If he sells the scooter for Php 15 800, what is his gain or loss? 2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. How much is the selling price of the meat?
F. Breakeven
1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php
5 000 and the variable cost is Php 5 per piece. At what level of production
will it generate a profit of Php 1 000?
2. An electric company that produces calculators has an annual fixed cost
of Php 450 000. The variable cost of producing a calculator is Php 100. The
company sells the calculator for Php 250. Given an annual volume of 50
000 calculators, determine the breakeven sales volume.
Transcribed Image Text:F. Breakeven 1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php 5 000 and the variable cost is Php 5 per piece. At what level of production will it generate a profit of Php 1 000? 2. An electric company that produces calculators has an annual fixed cost of Php 450 000. The variable cost of producing a calculator is Php 100. The company sells the calculator for Php 250. Given an annual volume of 50 000 calculators, determine the breakeven sales volume.
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