Sales revenue 476 800 purchase 412 800 gross profit 64 000 selling expenses 20 000  admin cost 7 200  operating profit 36 800      questions: 1) if a company has a markup of 23% and a sales revenue of £130,597, then what is the cost of sales in whole £'s? 2) if a company has a net margin of 50%, gross margin of 66.67% and the costs of sale of £150,000, then what is the sales revenue and overhead?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sales revenue 476 800

purchase 412 800

gross profit 64 000

selling expenses 20 000 

admin cost 7 200 

operating profit 36 800 

 

 

questions:

1) if a company has a markup of 23% and a sales revenue of £130,597, then what is the cost of sales in whole £'s?

2) if a company has a net margin of 50%, gross margin of 66.67% and the costs of sale of £150,000, then what is the sales revenue and overhead?

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