Help on Mark-Up

Apologies, i realise my last post looked posted weird.
Could anyone help me with how i answer with question? Thank you in advance.


Receivables days are 52, Receivables are £3215920, these prices are on a mark-up of 25%, Selling cost is 5% of sales, Admin cost are 3.2% of sales, net assets are £1452500. There is 365 days in the year

Sales
COS
Gross Profit
Selling Cost
Admin Cost
Net Profit


Gross Profit Margin %
Net Profit Margin %
RONA %

Comments

  • ResmiResmi Registered Posts: 2
    Hi where did you get this question from . Do you know how to answer this
  • dumutrobadumutroba AAT Student, AATQB Posts: 226
    Sales
    3215920x365/52=22573284
    COS
    Mark up(gross profit) + COS = sales
    25%+75%=100%
    22573284/100%x75%=16929963
    GP
    22573284/100%x25%=5643321
    Selling cost
    22573284x5%=1128664.20
    Admin cost
    22573284x3.2%=722345.08
    Net Profit
    GP - selling+admin cost=3792311.80

    For the ratios you just fill in the formula with the above
    AAT Level 2. 2018
    AAT Level 3. 2018
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