Use basic principles of Algebra and apply mathematical skills to finance decisions. a) What are the...

  

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Use basic principles of Algebra and apply mathematical skills to finance decisions. a) What are the definitions and business uses of calculating mark-up and margin? Sales Revenue Purchases Gross Profit Selling Expenses Admin Cost Operating Profit GBP 476,800 (412,800) 64,000 (20,000) (7,200) 36,800 b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place d) What is the operating profit margin percentage if the selling expense is reduced by 25%? Show this to nearest whole number % e) Define the following and provide respective examples. Please use academic sources: f) If a company has a mark-up of 27% and sales revenue of £130,597, then what is the cost of sales in whole £'s? g) If a company has a net margin of 50%, gross margin of 66.67% and costs of sale of £1,150,000, then what is the sales revenue and overhead? Use basic principles of Algebra and apply mathematical skills to finance decisions. a) What are the definitions and business uses of calculating mark-up and margin? Sales Revenue Purchases Gross Profit Selling Expenses Admin Cost Operating Profit GBP 476,800 (412,800) 64,000 (20,000) (7,200) 36,800 b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place d) What is the operating profit margin percentage if the selling expense is reduced by 25%? Show this to nearest whole number % e) Define the following and provide respective examples. Please use academic sources: f) If a company has a mark-up of 27% and sales revenue of £130,597, then what is the cost of sales in whole £'s? g) If a company has a net margin of 50%, gross margin of 66.67% and costs of sale of £1,150,000, then what is the sales revenue and overhead?