Determine the margin percentage

Assignment Help Mathematics

Reference no: EM131207163

Trade Maths & Profitability - Some Questions

1. If the selling price is reduced by 5.3% then the profit will reduce by 5.3%	Agree	Disagree	Depends	Not sure
2. The Cost of Goods Sold / Cost of Sales percentage is calculated on the sales/revenue generated	Agree	Disagree	Depends	Not sure
3. If the Gross Margin moves from 43.12% to 47.32% the percentage increase is 4.20%	Agree	Disagree	Depends	Not sure
4. Percentage Mark up is calculated as a percentage of the buy price	Agree	Disagree	Depends	Not sure
5. Percentage Margin is calculated as a percentage of the buy price	Agree	Disagree	Depends	Not sure
6. To determine the margin percentage, it does not matter whether the buy and sell prices include or exclude GST provided it is the same (include or exclude GST) for both figures.	Agree	Disagree	Depends	Not sure
7. If 48.75% has been added to the buy figure to reach the sell price, then taking the 48.75% off the sell price will get back to the buy/wholesale price. (i.e. 48.75% on is 48.75% off)	Agree	Disagree	Depends	Not sure
8. Retailer wants to make a mark up of 112.50% Calculate:	Mark up % 112.50%	Margin %	Depends	Not sure
9. Retailer wants to make a margin of 32.50% Calculate:	Mark up %	Margin % 32.50%	Depends	Not sure
10. Retailer buys for $19.06 and sells for $28.45 Calculate:	$ Difference	% Mark up	% Margin	Not sure
11. The Retailer wishes to make a margin of 38.40% on a product which will be sold for $55.95. Calculate:	$ Buy Price	$ Profit	% Mark up	Not sure
12. The Retailer will buy the product for $9.06 and wants to make a Margin of 35.50% Calculate:	$ Sell Price	$ Margin	% Mark up	Not sure

Reference no: EM131207163

Questions Cloud

What are two reasons carbomethoxy group is a meta director : What are two reasons the carbomethoxy group is a meta director. Name the three possible side products of the reaction and state how they are removed.

Calculate the average total cost : The table shows output and cost data. Calculate the average total cost, average fixed cost, average variable cost, and marginal cost schedules. If the price were $500, should the firm shut down in the short run? In the long run?

Modify the algorithm to print the sales amount : Study the algorithm below and then modify the algorithm to print the sales amount for all ten salespersons. Review the algorithm, identify the inaccuracies, insert the corrections, save the document, and submit the document for grading.

How many cubic meters of seawater would have a gold : According to estimates, 1.0L of seawater contains on the average 4.0x10-9 g of gold. If gold is worth $390 per troy ounce and a troy ounce weighs 31.103 g , how many cubic meters of seawater would have a million dollars worth of gold in it?

Determine the margin percentage : To determine the margin percentage, it does not matter whether the buy and sell prices include or exclude GST provided it is the same (include or exclude GST) for both figures.

Case exercises-passing along costs : Not only must a manager understand how costs relate to the final product, but he must also understand the circumstances in which costs may change, and what must be done when this happens.

What is the sinusoidal expression for the voltage : The current through a 0.5-mF capacitor is given. What is the sinusoidal expression for the voltage?

Investigate current practices in relation to resource usage : BSBSUS301A Implement and monitor environmentally sustainable work practices - Practical Assessment Template Investigate current practices in relation to resource usage - Identify environmental regulations applying to the enterprise

Iindicate whether the element involved is inductor : Iindicate whether the element involved is a capacitor, an inductor, or a resistor, and the value of C, L, or R if sufficient data are given.

User Account

All Pages