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can anyone help me wid business finance chps.......n prices like "markup".....not able 2 understand......:'(
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thanx....!!!fille has emailed all d things on gmail....just check it once if its helpful??
Finance_Rev.Notescan anyone help me wid business finance chps.......n prices like "markup".....not able 2 understand......:'(
Does anybody has Unit 2 People in organisation Revision notes?
wats dis...??..
ch 8-- d table on d 2nd pg, summary of that.wats dis...??..![]()
jazakallah...i dint mean to ask u literally...ch 8-- d table on d 2nd pg, summary of that.
Mark up is the percentage you apply on cost, Margin is the percentage you apply on sales.can anyone help me wid business finance chps.......n prices like "markup".....not able 2 understand......:'(
Jazkallahuhair brother.......i dint expect a moderator 2 answer my doubt.......thanx 4 ur presious time...thanx alott!!........Mark up is the percentage you apply on cost, Margin is the percentage you apply on sales.
This gives you the gross profit.
Mark-up is always greater than margin;
Formula for conversion are:
Mark-up to Margin (e.g: mark up = 25% )
25/100 + 25 * 100 = 20%
For Margin to Mark up (assuming margin = 20%)
20/100-20 * 100 = 25%
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