Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:

We hope you are all safe and well and if you need us we will be here. 💚

Please check this link for the latest updates:

We hope you are all safe and well and if you need us we will be here. 💚

# Markup on total cost %

jmh
Registered Posts:

**42**
Hello,

Can someone please explain to me how to calculate the markup on total cost % - I have attached the question.

Thank you

Can someone please explain to me how to calculate the markup on total cost % - I have attached the question.

Thank you

0

## Comments

264For example cost of sales (100%)+mark up (20%) = turnover 120%

So knowing the sales and cost of sales will help us find the mark up %

Total cost of sales (fixed + variable) £14710150 and Turnover £16800000

Substitute in the formula to get £2089850

To find what percentage is that of cost : 2089850/14710150*100=14.21 rounded up

AAT Level 3. 2018 Distinction

AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%

Xero Certified Advisor

42I have one more question - I have attached the question. I am struggling to calculate the Inventory holding period. The answer is 148 days and i get 147. I would appreciate if you could explain where I am going wrong. I calculated the average of the inventory first.

thank you

264AAT Level 3. 2018 Distinction

AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%

Xero Certified Advisor

4242