Determine the margin percentage

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

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