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Mark up
Mark up is defined as the rate of gross profit to cost of sales:Mark up = Gross Profit
Cost of salesMargin is defined as the rate of gross profit to sales:Margin = Gross profit Sales
Calculations of markup and margin are necessary to compute the profit loading on:
Examination questions may provide information on either the markup or the margin. If one is provided, it may be necessary to compute the other.Let us assume: X = Gross Profit Y = SalesTherefore: Margin = Gross Profit = X Sales YHowever: Sales – Costs = Gross ProfitOr: Costs = Sales – Gross Profit Which is stated as: Costs = Y – XAnd since: Mark up = Gross Profit CostsThis is stated as: Mark up = X Y – XIn summary, if: Margin = P/QThen the related Markup shall be P/(Q – P) Using similar arguments, it can be established tat if the Markup is give by P/Q,Then the related margin shall be P/(Q+P)
Tim purchased a used office building on May 15, 2001, for $2,000,000. $500,000 of the purchase price was allocated to the land. On November 1, 2010 the building was sold. What is t
Variation of securities It would seem logical to carry out a strict apportionment between income and capital every time investments are bought or sold. If this were done, it wo
what is cum interest
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Answer both parts of this task. Part (i) is worth a maximum of 5 marks and Part (ii) is worth a maximum of 10 marks. (i) List the elements of the tort of negligence. (ii) Enr
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