Sale Purchases Gross Profit Selling Expense Admin cost Operating Profit a) What is the difference between Mark up and Margin? D) Calculate Mark up (in percentage). C) Calculate Margin (in percentage). GBP 3,000 1,800 1,200 250 150 800

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
Section: Chapter Questions
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Sale
Purchases
Gross Profit
Selling Expense
Admin cost
Operating Profit
a) What is the difference between Mark up and Margin?
b) Calculate Mark up (in percentage).
c) Calculate Margin (in percentage).
GBP
3,000
1,800
1,200
250
150
800
Transcribed Image Text:Sale Purchases Gross Profit Selling Expense Admin cost Operating Profit a) What is the difference between Mark up and Margin? b) Calculate Mark up (in percentage). c) Calculate Margin (in percentage). GBP 3,000 1,800 1,200 250 150 800
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