Question
A firm always provides 25% mark up on cost when quoting prices to customers. If the cost of a job is $1600. calculate gross profit
A firm always provides 25% mark up on cost when quoting prices to customers. If the cost of a job is $1600.
calculate
gross profit
selling price
gross profit margin
the cost as a percentage of sales
part b
a company maintains a gross profit of 30% of sales price. If the goods have a cost of $280 what will be the selling price?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
