Table ToolsFIN4006D_Business_Maths_2147 [Compatibility Mode] - Microsoft Word (Product Activation Failed)-FileHomeInsertPage LayoutReferencesMailingsReviewViewPDFelementDesignLayoutX CutAalA Find -Arial11- A A AaAaBbCcC AaBbCcI AaBbCcC AaBbCcC AaBbCcC AABBCCC AaB AaBbCcabA Copy"ac ReplaceE E-ChangeStyles -PasteB IU- abe x, x²1 Body Text1 Heading 1 1 List Paragr. I No Spacing1 Normal1 Table Para.1 TitleHeading 2e Select -Format PainterClipboardFontParagraphStylesEditingQuestion 2Use basic principles of Algebra and apply mathematical skills to finance decisionsa) What are the definitions and business uses of calculating mark-up andmargin?GBPSales RevenuePurchases16,800(12,800)4,000(2,000)(7,200)(5,200)Gross ProfitSelling ExpensesAdmin CostOperating Lossb) Calculate mark-up (in percentage to 2 decimal places)c) Calculate the margin as a % to 1 decimal placed) What is the operating profit margin percentage if the admin cost is reducedby 60%?Show this to 1 decimal placee) Define the following and provide respective examples with numericcalculations where possible:Trade discount (1 mark for definition and 1 for example)Bulk discount(1 mark for definition and 1 for example)Early settlement discount (1 mark for definition and 1 for example)Page: 4 of 11Words: 2,034English (U.S.)目昆90%15:43O Type here to searchW7°CENG09/12/2021

The value that a manufacturer puts to the cost price of an item is referred to as mark up. The…

Question 2 Use basic principles of Algebra and apply mathematical skills to finance decisions a) What are the definitions and business uses of calculating mark-up and margin? GBP Sales Revenue Purchases Gross Profit Selling Expenses Admin Cost Operating Loss 16,800 (12,800) 4,000 (2,000) (7,200) (5,200) b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place

Question 2 Use basic principles of Algebra and apply mathematical skills to finance decisions a) What are the definitions and business uses of calculating mark-up and margin? GBP Sales Revenue Purchases Gross Profit Selling Expenses Admin Cost Operating Loss 16,800 (12,800) 4,000 (2,000) (7,200) (5,200) b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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