Mark Up and Margin
jackiepowell
Registered Posts: 72 Regular contributor ⭐
Does anyone know if there is any easy way to remember what you do with these?
Thanks
Jackie :001_unsure:
Thanks
Jackie :001_unsure:
0
Comments
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Remember these short Formulaes
Mark up is on cost and Margin is on Sales
MARGIN IS ON SALES
sales = cost ( 1 - R )
* Cost will be given in the question lets suppose 10
* R will be given in the question lets suppose 20%
sales = 10 ( 1- 0.2)
sales = 8
Mark up is on cost
Cost = s ( 1 + R )
Sales will be given
R will be given as well0
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