21. What do you call the amount eamed after deducting all expenses?
A. Income
B. Liabilities
C. Profit D. Selling Price
22. What you call the total amount you spent in producing your product?
A. Capital B. Net income
C. Selling Price D. Total Cost
23. What is the other name for profit?
A. Capital B. Net Income C. Selling price
D. Total Cost
24. What is the selling price per item if I want a 75% mark-up from my total cost of
Php150.00 and my total items to be sold are 30 pieces?
A. Php 8.75
B. Php 10.25 C.Php 11.00 D. Php 11.25
25. What do you call the price at which a good or service is sold by the seller to the
buyer?
A. Buying price B. Mark-up price C. Purchase Cost
D. Selling Price
26. What do you call the total amount you pay for the product you bought?
A. Peso Markup B. Percentage Markup C. Purchase Cost D. Selling
27. What is the peso markup if the purchase cost is P15.00 and selling price is P23007
A. P5.00
B. P6.00
C.P7.00
D. P8.00
28. What you call the total amount you spent in producing your product?
A. Capital
B. Net income C. Selling Price D. Total Cost
29. What do you call the quantity of finished or processed products?
A. Capital
B. Income
C. Profit
D. Yield
30. What is the total price paid for resources used to make a product or create a
service to sell including raw materials, labor, and overhead?
A. Selling Price B. Costing Sheet C. Cost Production D. Percentage​