EMS- Equations Flashcards
1
Q
Cost price
A
Cost of sales= 100/100 + MU x Sales
Cost of sales = Sales / 1,MU
2
Q
Selling price
A
Sales= 100+MU x Cost of sales Sales= 1,MU x Cost of sales
3
Q
Mark up
A
Sales - cost of sales = gross profit
Gross profit/cost of sales x 100% = mark up