<?xml version="1.0"?>
<Data xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <Questions>
    <Question>
      <Info>It is the original markup on the cost to arrive at a selling price.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Unit cost </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Additional markup </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Initial markup </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Initial selling price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It refers to the discount or decrease in the selling price. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Markdown </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Mark-on </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Markup </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Sales price  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the price at which a good or service is sold. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Initial price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Unit cost </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Discount price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Selling price </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the increase in the price of a product.</Info>
      <link />
      <Answers>
        <Answer>
          <Info>Markup </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Markdown </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Selling price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Mark-on </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the final selling price minus the unit cost. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Markdown </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Markup </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Mark-on  </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Selling price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the value given up to acquire a good or service.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Cost </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Initial price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Money </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Credit card  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>A thrift shop imposed an additional mark up of 20% on their rompers from its original selling price of Php180. What is the new selling price of the rompers?</Info>
      <link />
      <Answers>
        <Answer>
          <Info>Php215 </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Php200 </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Php210 </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Php216 </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>The unit cost of the motorcycle is Php50,555 while its sales price Php60,999 when payed in cash. What is the initial mark up of the motorcycle? What is the initial mark up percentage? </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Php10,434 ; 19% </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Php10,444 ; 20.66 </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Php10,444 ; 20% </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Php10,300 ; 20.56%  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>What is the missing part in the formula?&lt;br&gt;  Additional Mark Up Percentage = ? / Previous Selling Price x 100%</Info>
      <link />
      <Answers>
        <Answer>
          <Info>Initial markup </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Additional markup </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Markdown </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Selling price</Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>What is the missing part in the formula? &lt;br&gt;   Initial Mark Up Percentage = Sales Price − Unit Cost / ? × 100%</Info>
      <link />
      <Answers>
        <Answer>
          <Info>Sales price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Unit cost </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Markup </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Previous selling price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
  </Questions>
</Data>