Determine the selling price of the items below. Show your solution(s). 1. Nina produced 100 pieces of coconut macaroons with a production cost of PHP 240.00 at a 15% markup. 2. Liza produced 90 pieces pastillas de Leche having a cost of production of PHP 150.00 with a markup of 20%. 3. A tray of Biko is divided into 30 pieces with a total expense of PHP 180.00 at a 12% markup.
Answers
Given : Cost prices of item and mark up over them
To Find : Selling Price
Solution:
100 pieces of coconut macaroons with a production cost of PHP 240.00 at a 15% markup
Cost price per pc = 240/100 = 2.4 PHP
Marl up 15 % = (15/100)2.4 = 0.36 PHP
Selling Price = 2.4 + 0.36 = 2.76 PHP
. Liza produced 90 pieces pastillas de Leche having a cost of production of PHP 150.00 with a markup of 20%.
=> Cost per pc = 150/90 = 5/3
Mark up = (20/100) (5/3) = 1/3
SP = 5/3 + 1/3 = 6/3 = 2 PHP
3. A tray of Biko is divided into 30 pieces with a total expense of PHP 180.00 at a 12% markup.
Price per pc = 180/30 = 6
Mark up = (12/100)6 = 0.72
SP = 6 + 0.72 = 6.72 PHP
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