Question: QI: a) Differentiate between Mark-up and Gross margin. (4) b) Fill in the blank spaces in the following: (6) % Mark-up on sales 15%

QI: a) Differentiate between Mark-up and Gross margin. (4) b) Fill in

QI: a) Differentiate between Mark-up and Gross margin. (4) b) Fill in the blank spaces in the following: (6) % Mark-up on sales 15% Selling price Rs. 325 Cost ...** ii) Rs. 2160 28% Cost Rs.250 % Mark-up on Cost Selling price Rs.312.50 i)

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