Directions: Read and analyze the problem below. On a separate sheet of paper, write down your answer to the following questions. Suppose you are starting your food business. You plan to sell rice meal. The cost of each rice meal is Php 50.

1. How much is the selling price that you desire?
2.Will it show a mark-up, markdown, or mark-on?
3. Would you prefer to have a markdown and put a sale on your product just to increase your demand?