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Entrepreneurship Question and Answer

1. Aling Marta sells bibingka and earns 900 pesos in daily revenue. 2. Mang Berting marks up mangoes by 20 pesos/kilo when selling to customers. 3. Aling Elvie marks up t-shirts by 40 pesos each. 4. Mang Lito's cost of goods sold for 5 pairs of slippers is 270 pesos, including the cost of the slippers and freight. 5. Jean adds a 10 peso markup to each basket she purchases, making the selling price 40 pesos per basket.

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267 views1 page

Entrepreneurship Question and Answer

1. Aling Marta sells bibingka and earns 900 pesos in daily revenue. 2. Mang Berting marks up mangoes by 20 pesos/kilo when selling to customers. 3. Aling Elvie marks up t-shirts by 40 pesos each. 4. Mang Lito's cost of goods sold for 5 pairs of slippers is 270 pesos, including the cost of the slippers and freight. 5. Jean adds a 10 peso markup to each basket she purchases, making the selling price 40 pesos per basket.

Uploaded by

Jomelyn Dawi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Entrepreneurship Question and Answer

1. aling marta sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each.
how much is her daily revenue?

Daily Revenue = Number of bibingka sold × Price per bibingka


Daily Revenue = 45 pieces × 20 pesos/piece

Daily Revenue = 900 pesos

2. mang berting is a fruit vendor selling at the local public market. he gets his mangoes from a supplier at 25
pesos per kilo and sells it at 45 per kilo to his customers. how much mark-up was mang berting adding to his
selling price?
Markup = Selling Price - Cost Price

In this case, Mang Berting's cost price is the price at which he buys the mangoes from his supplier,
which is 25 pesos per kilo. His selling price to customers is 45 pesos per kilo.

Markup = 45 pesos/kilo - 25 pesos/kilo

Markup = 20 pesos/kilo

3. Aling Elvie sells t- shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos. How much is the
mark-up?
Markup = Selling Price - Cost Price

In this case, the selling price of each T-shirt is 175.00 pesos, and the cost price is 135.00 pesos.

Markup = 175.00 pesos - 135.00 pesos

Markup = 40.00 pesos

4. Mang Lito sold 5 pairs of slippers. Suppose Mang Lit purchased the 5 pairs of slippers at 30.00
pesos each and pays 120.00 pesos freight. Calculate how much is the cost of good sold?
To calculate the cost of goods sold (COGS) for Mang Lito's 5 pairs of slippers, you'll need to consider
both the cost of the slippers themselves and the freight cost. Here's how to calculate it:

1. Cost of the 5 pairs of slippers:


Cost per pair = 30.00 pesos
Total cost for 5 pairs = 5 pairs × 30.00 pesos/pair = 150.00 pesos

2. Freight cost:
Freight cost = 120.00 pesos

Now, to find the total cost of goods sold (COGS), you simply add the cost of the slippers to the freight
cost:

Total COGS = Cost of slippers + Freight cost


Total COGS = 150.00 pesos + 120.00 pesos = 270.00 pesos

5. Jean purchased 5 baskets for 30.00 pesos each. According to her calculation, 10.00 pesos shall
be added to the cost as mark-up. How much is the selling price of each basket?

Cost per basket = 30.00 pesos


Markup per basket = 10.00 pesos

Selling Price per basket = Cost per basket + Markup per basket
Selling Price per basket = 30.00 pesos + 10.00 pesos
Selling Price per basket = 40.00 pesos

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