Read the selection for questions 11-15.
A reseller bought 50 handbags that cost P40,000.00. The reseller availed 10 % trade discount for this transaction. She
plans to sell each handbag at a markup based on cost of 40%.
11. What is the original price of each handbag?
a. P200.00
b. P400.00
c. F600.00
d. P800.00
12. How much is the trade discount availed for this transaction?
d. P8,000.00
a. P2,000.00
b. P4,000.00
c. P6,000.00
13. How much is the cost of each handbag after the trade discount is availed?
a. P1800.00
b. P360.00
c. P540.00
d. P720.00
14. What is the mark-up rate based on the selling price?
a 28.57%
b. 36.00%
C. 40.00%
d. 45.00%
15. If a new model will come out in the market, and the reseller decides to markdown the price of the handbag by
10%, what is the amount of the markdown?
a. P80.00
b. P91.50
c. P100.08
d. P110.08​