Calculate the gross margin for a product with a cost price of R350 that is selling for R503.13 (incl. VAT)
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A: Formula: Selling price = Cost + Markup
Q: Find the percent markup based on selling price, if the percent markup based on the cost is 18%.
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Q: A markup of 36% on cost is equivalent to what markup on selling price? 36.00% 64.00% 73.50% 26.50%
A: Cost + Profit = Selling Price
Q: if dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?
A: Given that: Dollar markup = $5.60 Percent markup on cost = 101.82%
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Calculate the gross margin for a product with a cost price of R350 that is
selling for R503.13 (incl. VAT)
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- omplete the table: Cost Markup Selling Price $480 40% on selling price _______ ?selling priceifthe F.Cost ( 300 000 )$. Selling price ( 12000)$. to unit and the v. cost ( 7000 )$. to unit B.E.P.( v)Q. 12. The markup percent is based on cost. Compute the missing terms. 100% + Markup Percent 50% Markup % Cost Selling Price $636
- Q.3.5 Complete the following table by filling in the missing amounts: (6) Mark-up on Cost Price Profit Selling Price Cost (excluding VAT) (excluding VAT) (excluding VAT) 25% 1 000 100% 6 000 1 500 2 500b) Write Excel Formulas for given data sheet A B D E 1 Product Product Price per Sales tax(10% |Net Price No item of price) ? name 2 1 Mouse 5000 keyboard joyStick 3 1000 4 3 1500 4 VGA cable 800 6. Monitor 15000 Total price of all items 5% concession on total price 7 ? 8 ? 9. Total bill ? Dage 213E15.24) Economic order quantity For each of the following independent cases, use the EOQ equation to calculate the economic order quantity: Case A Case B Case C Annual requirement (in units) 13230 1681 560 Incremental cost per order $250 $40 $10 Annual carrying cost per unit $6 $20
- Financial information is presented below: Operating expenses Sales returns and allowances 3000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 0.40. 0.60. 0.44. $ 45000 0.38. 8000 180000 101000Retailer X buys a product at $1.75 per unit and plans to sell the item for $3.29 per unit. Calculate the Margin on an (A) COST Basis or (B) RETAIL basisQuestion 28 Use the following information to calculate figures in the table below. Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retailer Customer Net VAT paid by the Manufacturer is: Net cost of sales Mark up Net selling price S 60 S 80 $ 120 VAT chargeable (309%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by
- You have the following information for Kingbird Diamonds. Kingbird Diamonds uses the periodic method of accounting for its inventory transactions. Kingbird only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 March 3 March 5 March 10 March 25 Beginning inventory 180 diamonds at a cost of €368 per diamond. Purchased 240 diamonds at a cost of €420 each. Sold 224 diamonds for €720 each. Purchased 420 diamonds at a cost of €464 each. Sold 480 diamonds for €780 each.2. The following data are given on the only one product of Glory Co. 2020 2021Sales volume 3,000. 2,600Unit Selling price. P 8.00. P 11.00Unit cost. 5.00 9.00 Prepare the gross profit statement and analyze the variation in gross profitCalculate Profit from the following data:Sales: $40000Material cost: $10000Labour cost: $10000Fixed cost: $8000.
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