mark up
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Hi
I'm getting myself confused so if someone could help me out i'd be gratefull
I need to calculate sale for my profit and loss my cost of goods sold come to £7800
and sales are made at a mark up of 40%
many thanks
Lyn
I'm getting myself confused so if someone could help me out i'd be gratefull
I need to calculate sale for my profit and loss my cost of goods sold come to £7800
and sales are made at a mark up of 40%
many thanks
Lyn
0
Comments
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Re:mark up
Mark up means sales are 'up above' 100%. Remember this mantra and it should help you with both mark up and margin.
So if sales mark up is 40%, then sales = 140%. You can take your cost of sales which is 100% and times it by 140% to get your answer.0