Chapter 10 Flashcards by Thaiba Khaliq

Q

Margin costing

A

SELLING PRICE = 100%

COST = remaining % of the margin stated

PROFIT = the % stated

In question always refer to this if it’s marginal and just add target where needed

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Q

Mark up costing

A

SALE = cost * mark up %

COST = 100%

Profit =

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