Margins And Mark Up

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kazseera
kazseera Registered Posts: 87 Regular contributor ⭐
in AAT Level 3 (Level 6 in Scotland)
I Dont Get This At Allll
Please Can Some One Explain

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  • renae
    renae Registered Posts: 76 Regular contributor ⭐
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    look at the thread above by Sanju, a couple of people have just explained it to me & I think I get it x
  • kazseera
    kazseera Registered Posts: 87 Regular contributor ⭐
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    kind of get it but whn do i apply mark up or margin can sumone explain. i know we'l be told in the exam...
    but is mark up applied on cost ?
  • jenz496
    jenz496 Registered Posts: 30 Regular contributor ⭐
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    mark up is applied on cost of sales, and margin is taken from sales (ie. selling price).
  • kazseera
    kazseera Registered Posts: 87 Regular contributor ⭐
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    o ok thanks u

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