Learning Task 1: Have you experienced selling something? How did you get the gain? How much is your mark up? How much is your selling price? Think about it. As an opening to our new topic and to measure your prior knowledge please answer the activity below. Directions: Copy the table in your activity notebook. Calculate the actual Cost of Ingredients below: Actual Cost of Ingredients Calculate the Actual Cost of Ingredients below: Ingredients Measure Purchase Cost (weight/volume/count) Malagkit 1 kilo 60.00/kilo Brown sugar 1/2 kilo 50.00 /kilo Grated coconut 1 kilo 48.00 /kilo Pineapple 1 can 26.00/can crushed margarine 1/4 cup 16.00/cuo Total: Using the above calculated expenses in cooking Biko, find the cost of a slice of Biko if you were able to make 24 slices. Use the formula: Selling Price = Total Expenses (TE) + 1/2 of TE Number of Yields SP = Php • How much will be the total Sales if all the Biko are sold? • If the Total Cost is deducted from total sales, how much will be your net profit?​