MDCL Task 6

HI guys,

I feel like I am missing something so obvious here. I've calculated the COS to be £1,825,000 and it seems logical to work out the figure for sales next....i'm just need seeing how thats possible from the figures provided. Any ideas?

Comments

  • Pian32
    Pian32 MAAT Posts: 448
    You use the gross profit margin.

    Profit = 0.2 Sales
    Profit = Sales - Cost of sales

    0.2 Sales = Sales - Cost of Sales

    Cost of sales = 0.8 Sales

    Sales = Cost of sales / 0.8

    Remeber if it was a mark up it would be a proportion of Cost of Sales
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