m6 Summative Test
m6 Summative Test
Region XII
Schools Division of Koronadal
SARAVIA NATIONAL HIGH SCHOOL
Bgy. Saravia, City of Koronadal
S.Y. 2020-2021
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MULTIPLE CHOICE
Directions: Read and understand the statements below. Write the letter of the correct answer
before the number.
_________ 2. What do you call the amount added in the price cost?
A. Item cost B. Mark up C. Percentage markup D. Selling
price
_________ 3. What do you call the amount you pay for the product you bought?
A. Net cost B. Peso markup C. Percentage markup D. Purchase cost
_________ 4. Which of the following refers to the total cost food net in an existing inventory?
A. Calculation B. Costing C. Cost of production D. Product
_________ 6. What is the purchase price of an item if the selling price is 10.00 and the mark up is 2o
%?
A. 2.00 B. 4.00 C. 5.00 D. 12
_________ 7. If the purchase price is 15.00 and the selling price is 20.00. What is the mark up
percentage?
A. 2% B. 5% C. 10% D. 25%
Directions: Compute the estimated purchase cost of this Chicken Adobo recipe and impose 50%
markup to determine the selling price with total servings of 24. Write down the solution of the
problem in the box.
C/bottle
2 Tbsp. 40.00/bottle or Approx. 32 T 2.50
TOTAL P _____________________ (8)
Directions: Complete the table below by answering the peso markup and the percentage markup.
FORMULA:
Peso Markup = Selling Price – Buying Price