TLE COOKERY GRADE 7/8

Name: ________________________________ Date: ____________________

Grade: _______________________________ Section: ___________________

Quarter: _0 Week: 7 MELC(s): Calculate the Cost of Production (TLE_HECK7/8PM-0e-

5)
Title of Textbook/LM to Study: SELF LEARNING MODULE COOKERY 7/8
Chapter: Pages: _7-10_ Topic: Calculate the Cost of Production
Objective:
Ø discuss principles of costing
Ø compute the cost of production such as markup, selling price, and
purchase cost

Let Us Discover

Markup refers to the difference between the selling price of a good or service
and its cost. It is expressed as a percentage above the cost. In other words, it is the
added price over the total cost of the good or service that provides the seller with a
profit.

How to Calculate Percentage Markup?

Calculating markup is taking the difference between how much an item costs
and how much you sell the item for – it is your profit item. Any person working in a
retail business will find the skill of calculating markup percentage valuable—a
business-oriented person's goal for a profit. Thus, calculating the percentage markup
is significant.

Calculate Peso Markup

Subtract your selling price from the purchase cost.

Formula:

Example:
Selling price 23.00

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Purchase cost - 13.00
Peso markup ₱ 10.00

Calculate the Selling Price

Add your purchase cost and the peso markup.
Formula:

Example:

Purchase Cost 15.00

Peso Markup + 3.00
Selling Price ₱ 18.00

Calculate the Purchase Cost

Subtract the selling price from the peso markup.
Formula:

Example:
Selling price 23.00
Peso mark-up 3.00
Purchase cost ₱20.00

Calculate the Percentage Markup based on the Purchase Cost

Divide the peso markup by the purchase cost and multiply by 100.

Formula:
PERCENTAGE MARKUP = Peso Mark-up × 100
Purchase Cost
Example:
Peso markup 5.00
Purchase cost/Buying price ÷ 10.00

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Percentage mark-up 0.5 x 100 = 50%

Calculate the Percent Markup based on Selling Price

Divide the peso markup by the selling price and multiply by 100.

Formula:
PERCENTAGE MARKUP = PESO MARKUP × 100
SELLING PRICE

Example:
Peso markup 5.00
Selling price ÷ 15.00
Percentage mark up 0 .33 × 100 = 33%

Let Us Try

Directions: Calculate the selling price and peso markup. Solve for the percentage
markup based on the purchase cost.

Let Us Do

Directions: Calculate the purchase cost and selling price. Solve for the percentage
markup based on the selling price.

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 Let Us Apply
You bought cookies for P2.50. You want to sell it for ₱5.00. How much is the
peso markup? What is the percentage markup of the product based on the selling
price? Calculate the cost using the formula.
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Rubrics

Criteria 4 3 2 1
The learner The learner The learner gives The learner
successfully solves correctly solves the right answers gives wrong
Accuracy the problem using a the problem by with the missing answers and
specific formula with making small solution. does not provide
a complete solution miscalculations. a solution.
and using the
correct units.
The learner showed The learner The learner The learner
excellent work, showed good displayed little showed a much
Work Shown presented in a neat work, presented work, presented lower level of
and organized in a neat and in an unstructured effort.
manner. organized manner.
manner.

References

Curriculum Guide Home Economics

Cookery May 2016
Self-Learning Module 5 pages 7-10

SSLM Development Team

Writer: Adelyn A. Gonzaga
Editors: Marie-Berthe P. Pabale
Evaluator:
Illustrator: None
Creative Arts Designer: Reggie D. Galindez
Education Program Supervisor: Amalia C. Caballes
Education Program Supervisor – Learning Resources: Sally A. Palomo
Curriculum and Instruction Division Chief: Juliet F. Lastimosa
Asst. Schools Division Superintendent: Carlos G. Susarno, Ph. D.
Schools Division Superintendent: Romelito G. Flores, CESO V

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5 GSC-CID-LRMS-ESSLM, v.r. 03.00, Effective June 14, 2021