Margin
System
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Hi can anyone help me answer this......
Gross Profit on Sales = 20%
Cost of Sales was 20,000 pounds
Sales = ???
Gross Profit on Sales = 20%
Cost of Sales was 20,000 pounds
Sales = ???
0
Comments
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Re:Margin
Dont shout if i get it wrong.
draw the table
left side you have 20 in the middle as its 20%
Then sales is 100% so 100 at the top left and then the difference of 80% - 80 on the bottom left
so you have
100
20
80
(wish i could draw the table on here!)
then the right hand boxes
the only figure you know is the cost of sales at £20,000
so
100
20
80 ........ £20,000
so now do 20000 divide 80 = 250
so now 250 times 20 = 5000
100
20 ........5000
80 ........20000
so missing figure is 25,000
100.......25000
20...........5000
80..........200000