Sam is about to launch his new squash racquet. He knows that he must have a selling
Question:
Sam is about to launch his new squash racquet. He knows that he must have a selling price of £45 to be competitive. Calculate what his cost of sales must be if:
a) he wants to make a gross profit margin of 40%
b) he uses mark-up of 70% on costs of sales.
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To calculate the cost of sales for Sams squash racquet well use the given selling price and the desi...View the full answer
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Related Book For 
Accounting A Smart Approach
ISBN: 9780199587414
1st Edition
Authors: Mary Carey, Jane Towers Clark, Cathy Knowles
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