Refers to the amount added to the cost of a product to determine the selling price

Aling Marta sells bibingka in her neighbourhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

It is a planning tool that helps entrepreneurs cope up with uncertainties in the future operation of the business.

The selling price of an item or merchandise is computed by adding cost per unit and __________?

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 them at 45 per kilo to his customers. How much mark-up was Mang Berting adding to his selling price?

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos, How much is the mark-up?

It is the result when sales exceed the cost to produce goods or render services

It is a tool that allows managers to make educated estimates on revenue and costs of the business in order to cope up with uncertainties of the future

Refers to goods and merchandise at the beginning of operation of business or accounting period.

Costs incurred through payment of utilities such as electricity and water