Mark Up and Margin

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jackiepowell
jackiepowell Registered Posts: 72 Regular contributor ⭐
in AAT Level 3 (Level 6 in Scotland)
Does anyone know if there is any easy way to remember what you do with these?

Thanks
Jackie :001_unsure:

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  • umerali2003
    umerali2003 Registered Posts: 398 Dedicated contributor 🦉
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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 well

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