Chapter 20 Mark-up and Margin

Mr Lee sells goods at cost plus 25%. If the selling price of he goods is RM 50,000, what is the cost price of the goods

• RM 40,000

• RM 12,500

• RM 37,500

• RM 41,667

If cost price is RM 80 and selling price is RM 100, the mark-up is _______% and margin is _______%.

• 25........20

• 20........25

• 33........20

• 25........33

Opening Inventory RM 500

Closing Inventory RM 1,000

Sales RM 25,000

Mark-up 25%

Calculate the purchases for the year???????????

• RM 20,500

• RM 19,500

• RM 19,250

• RM 18,250

If the sales are RM 30,000 and the mark-up is 20%, what is the figure of cost of sales?

• RM 25,000

• RM 24,000

• RM 6,000

• RM 5,000

Opening Inventory RM 15,000

Purchases RM 35,000

Sales RM 50,000

Mark-up 25%

What was the value of Closing Inventory?

• RM 10,000

• RM 20,000

• RM 7,500

• RM 12,500

If the cost of sales is RM 90,000 and the margin is 25%, what is the sales value?

• RM 120,000

• RM 22,500

• RM 112,500

• RM 30,000

Cost RM 100

Profit RM 50

Selling Price RM 150

Mark-up = ????

• 50%

• $33\frac{1}{3}\%$

• $66\frac{2}{3}\%$

• 150%

Operating Expenses RM 15,000
Net Profit RM 25,000
Mark-up  $33\frac{1}{3}\%$  

Sales = ????

• RM 160,000

• RM 120,000

• RM 180,000

• RM 200,000