If cost price is 90 and selling price is 120, then (i) Mark-up is 25 per cent
Question:
If cost price is £90 and selling price is £120, then
(i) Mark-up is 25 per cent
(ii) Margin is 331/3 per cent
(iii) Margin is 25 per cent
(iv) Mark-up is 331/3 per cent
(A) (i) and (ii)
(B) (i) and (iii)
(C) (iii) and (iv)
(D) (ii) and (iv)
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Lets calculate the markup and margin using the given cost pri...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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