Calculations Flashcards
1
Q
How do U walk out selling price if u are given a mark up in rands
A
Cost price + profit mark up= cost price
2
Q
How do u work out the selling price if the mark up is a percentage
A
Cost price+ 1, mark up= selling price
3
Q
How do u work out cost price
A
Selling price x 100/ (100+ mark up= cost price
4
Q
How do u work out profit percentage
A
(Selling price-cost price/cost price) x100 = profit %
5
Q
How do u work out a trade discount
A
Marked price x (100-discount)= charge price
