Complete the tables by providing the missing value. Write your solutions on a separate sheet of...
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Complete the tables by providing the missing value. Write your solutions on a separate sheet of paper. A. Markup and Margin No. Selling Price @DAALI 1. ThP 35,000 | Php 15.000. 50,000 23,000 2. 3. 4. 5. Cost of Goods 275 1,645 495,800 1. 2. 3. 4. 5. 215 1,100 400,000 Amount of Profit Rate of Margin B. Equivalent Single Discount Rate and Net Invoice Price Rate No. Discount Series Net Invoice Price Rate 25/10 30/5 25/10/5 10/10/5 15/10/5 Rate of Markup Equivalent Single Discount II. Salve the following problems completely. Write your solutions on a separate sheet of paper. 1. A manufacturer sells a tent to its wholesalers for PhP3,000. Wholesalers take a markup of 15% and sell to retailers who take a markup of 45%. How much will this tent cost you? 2. Bart makes framed cross-stitch embroideries, at a cost of PhP2,000 per framed embroidery, to sell at local craft shows. He has 30 frames on hand for the next show, and expects to sell them all for a total of PhP90,000. What is Bart's markup in peso and in percent? 3. In problem 2, what is Bart's margin in peso and in percent? 4. Tomatoes are on sale at 8% off the regular price. If the regular price of tomatoes is PhP25 per kilogram, what is the selling price? 5. A clothing store is offering a discount of PhP98.75 for a pajama set that costs PhP395. What is the discount rate? 6. A kind principal intends to buy 5 laptop computers for teachers' use in their online classes. For the volume purchase, he was offered a discount series of 10% and 10%. If each laptop costs PhP28,000, how much will the principal pay for the 5 laptops? 7. Gerald bought a pair of pants in the amount of PhP2,750 and 4 pairs of shoes at PhP3,250 each. If the store gave him a discount series of 10/5 how much would he pay for the goods? 8. Which will give a higher discount for an item worth PhP12,000, discount series of 10/5 or single trade discount of 15%? 9. Which discount series will give a higher single equivalent rate, 15/5 or 5/15? Why? 10. A mobile phone is listed for PhP27,000 less 16%, 10%, and 8% a. What will be the net invoice price? b. What will be the total discount for the purchase? c. What is the single equivalent rate of discount to the given discount series? 5. Santos Trading Firm purchased a second-hand car that cost PhP120,000 and spend PhP15,000 for repairs. The firm sold the car for PhP220,000. The firm incurred the following operating expenses: Advertising PhP12,000 PhP5,000 PhP4,500 PhP6,000 PhP4,000 Office Supplies Rent Heat, Light, and Water Miscellaneous Expenses The firm borrowed money from lending institution for which it paid PhP7,000 in interest. B. Solve the following problems. 1. Bernie sold a bike to his cousin at a loss of 7%. If his cousin paid PhP9,300 for it, find the original cost of the bike. 2. Jamby earn PhP2,500 when she sells a jewelry at a profit of 5%. How much is the selling price of the jewelry? 3. Loida sells 40 pieces of sandals for PhP450 each which she bought at Tutuban Mall at a wholesale price of PhP390 each. Find her profit or loss 4. Mr. Reyes bought a 150 sq. meters house and lot for PhP1,250,800 with 5% discount. He spends Php30,000 to transfer the title to his name and another PhP145,000 for the repairs and renovation. If he sells the house and lot for Php1,300,000, what is his percent gain or percent loss? 5. Ruth went to Naga City and bought 75 packs of Pili nuts for PhP7,500 with 18% discount, she spent PhP1,600 for transportation back and forth. When she returns home to Bulacan, she sold 50 packs for a total of PhP6,000 and the rest at PhP80 each pack. Determine if Ruth gain a profit or incur loss and how much is her profit or loss. 1. 2. 3. 4. 5, Complete the table with the missing values. Show your solution in a separate answer sheet. 6. 7. 8. 9. 10. Revenue PhP 8,000 50,000 PhP Expenses PhP1.000. PhPI.750 35 23.50 22,800 50,000 Contribution Margin Revenue PhP25 75 12x+15,000 48 56 Profit PhP 2,000 -1,500 0 Variable Costs PhP 13.25 III. Solve the following problems completely. Write your solutions on a separate sheet of paper. 1. MCML, produces disposable milk tea cups and sells them at PhP75 per dozen. The budget department has estimated their fixed costs in producing such cups to be PhP250,000 and variable costs are at PhP48 per dosen. C(x) - 125+ 16x 84 21 65 How many cups should MCML produce in order to break even? Find the profit if they produced and sold 30,000 cups, 2. Nieves Tea sells milk tea at PhP75 per cup. If it costs the shop PhP15.95 to produce one cup and their fixed costs amounted to PhP7,500. How many cups of milk tea should they sell in order to break even? How much is their break-even sales? 3. Jiro sells banana cue at PhP10 per piece. His fixed costs amounted to PhP3,000 and the variable cost per piece is PhP4. How many banana cues should be sell if he wants to have a profit of PhP1,000? How many banana cues did he sell if he had a loss of PhP500? How many banana cues should he sell to break even? 4. Eayah's bakeshop spent PhP15,000 for salary, electricity, and water. She spends PhP44 per tub of yema cake which she sells at PhP90. Find the break-even point in units and in sales. How many yema cakes should she sell in order to pay for the fixed costs? 5. Determine the break-even point in units if the following are the functions for revenue and cost: R(x)=250x C(x)=75x+11,250 6. MML manufactures ready-to-wear blouses. They were able to come up with. the following functions: Rix) - 75x a. Sketch the graph of Rix). b. Sketch the graph of Cix). e. Find the break-even point in units and in sales. d. Give outputs for losses and profits. Complete the tables by providing the missing value. Write your solutions on a separate sheet of paper. A. Markup and Margin No. Selling Price @DAALI 1. ThP 35,000 | Php 15.000. 50,000 23,000 2. 3. 4. 5. Cost of Goods 275 1,645 495,800 1. 2. 3. 4. 5. 215 1,100 400,000 Amount of Profit Rate of Margin B. Equivalent Single Discount Rate and Net Invoice Price Rate No. Discount Series Net Invoice Price Rate 25/10 30/5 25/10/5 10/10/5 15/10/5 Rate of Markup Equivalent Single Discount II. Salve the following problems completely. Write your solutions on a separate sheet of paper. 1. A manufacturer sells a tent to its wholesalers for PhP3,000. Wholesalers take a markup of 15% and sell to retailers who take a markup of 45%. How much will this tent cost you? 2. Bart makes framed cross-stitch embroideries, at a cost of PhP2,000 per framed embroidery, to sell at local craft shows. He has 30 frames on hand for the next show, and expects to sell them all for a total of PhP90,000. What is Bart's markup in peso and in percent? 3. In problem 2, what is Bart's margin in peso and in percent? 4. Tomatoes are on sale at 8% off the regular price. If the regular price of tomatoes is PhP25 per kilogram, what is the selling price? 5. A clothing store is offering a discount of PhP98.75 for a pajama set that costs PhP395. What is the discount rate? 6. A kind principal intends to buy 5 laptop computers for teachers' use in their online classes. For the volume purchase, he was offered a discount series of 10% and 10%. If each laptop costs PhP28,000, how much will the principal pay for the 5 laptops? 7. Gerald bought a pair of pants in the amount of PhP2,750 and 4 pairs of shoes at PhP3,250 each. If the store gave him a discount series of 10/5 how much would he pay for the goods? 8. Which will give a higher discount for an item worth PhP12,000, discount series of 10/5 or single trade discount of 15%? 9. Which discount series will give a higher single equivalent rate, 15/5 or 5/15? Why? 10. A mobile phone is listed for PhP27,000 less 16%, 10%, and 8% a. What will be the net invoice price? b. What will be the total discount for the purchase? c. What is the single equivalent rate of discount to the given discount series? 5. Santos Trading Firm purchased a second-hand car that cost PhP120,000 and spend PhP15,000 for repairs. The firm sold the car for PhP220,000. The firm incurred the following operating expenses: Advertising PhP12,000 PhP5,000 PhP4,500 PhP6,000 PhP4,000 Office Supplies Rent Heat, Light, and Water Miscellaneous Expenses The firm borrowed money from lending institution for which it paid PhP7,000 in interest. B. Solve the following problems. 1. Bernie sold a bike to his cousin at a loss of 7%. If his cousin paid PhP9,300 for it, find the original cost of the bike. 2. Jamby earn PhP2,500 when she sells a jewelry at a profit of 5%. How much is the selling price of the jewelry? 3. Loida sells 40 pieces of sandals for PhP450 each which she bought at Tutuban Mall at a wholesale price of PhP390 each. Find her profit or loss 4. Mr. Reyes bought a 150 sq. meters house and lot for PhP1,250,800 with 5% discount. He spends Php30,000 to transfer the title to his name and another PhP145,000 for the repairs and renovation. If he sells the house and lot for Php1,300,000, what is his percent gain or percent loss? 5. Ruth went to Naga City and bought 75 packs of Pili nuts for PhP7,500 with 18% discount, she spent PhP1,600 for transportation back and forth. When she returns home to Bulacan, she sold 50 packs for a total of PhP6,000 and the rest at PhP80 each pack. Determine if Ruth gain a profit or incur loss and how much is her profit or loss. 1. 2. 3. 4. 5, Complete the table with the missing values. Show your solution in a separate answer sheet. 6. 7. 8. 9. 10. Revenue PhP 8,000 50,000 PhP Expenses PhP1.000. PhPI.750 35 23.50 22,800 50,000 Contribution Margin Revenue PhP25 75 12x+15,000 48 56 Profit PhP 2,000 -1,500 0 Variable Costs PhP 13.25 III. Solve the following problems completely. Write your solutions on a separate sheet of paper. 1. MCML, produces disposable milk tea cups and sells them at PhP75 per dozen. The budget department has estimated their fixed costs in producing such cups to be PhP250,000 and variable costs are at PhP48 per dosen. C(x) - 125+ 16x 84 21 65 How many cups should MCML produce in order to break even? Find the profit if they produced and sold 30,000 cups, 2. Nieves Tea sells milk tea at PhP75 per cup. If it costs the shop PhP15.95 to produce one cup and their fixed costs amounted to PhP7,500. How many cups of milk tea should they sell in order to break even? How much is their break-even sales? 3. Jiro sells banana cue at PhP10 per piece. His fixed costs amounted to PhP3,000 and the variable cost per piece is PhP4. How many banana cues should be sell if he wants to have a profit of PhP1,000? How many banana cues did he sell if he had a loss of PhP500? How many banana cues should he sell to break even? 4. Eayah's bakeshop spent PhP15,000 for salary, electricity, and water. She spends PhP44 per tub of yema cake which she sells at PhP90. Find the break-even point in units and in sales. How many yema cakes should she sell in order to pay for the fixed costs? 5. Determine the break-even point in units if the following are the functions for revenue and cost: R(x)=250x C(x)=75x+11,250 6. MML manufactures ready-to-wear blouses. They were able to come up with. the following functions: Rix) - 75x a. Sketch the graph of Rix). b. Sketch the graph of Cix). e. Find the break-even point in units and in sales. d. Give outputs for losses and profits.
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Here are the full workings for the questions A 1 Selling Price PhP35000 Cost of Goods PhP15000 Profit Selling Price Cost of Goods PhP35000 PhP15000 PhP20000 Rate of Markup ProfitCost of Goods x 100 Ph... View the full answer
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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