Calculate the gross margin for a product with a cost price of R350 that is selling for R503.13 (incl. VAT)
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A: Hi student Since there are multiple subparts, we will answer only first three subparts.
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A: Margin of Safety is the difference between the current sales and the breakeven sales.
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A: Gross margin percent = 55% Cost of goods sold = $20
Calculate the gross margin for a product with a cost price of R350 that is
selling for R503.13 (incl. VAT)
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- A product with the cost of R150 is selling for R200 what are the mark up percentage and gross margin respectivelyIf a product sells P^(7500) and costs P^(4300) to manufacture, its gross margin is P^(3200). Find the margin percent.Calculate gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 4000. a.OMR 24000 b.OMR 20000 c.OMR 8000 d.OMR 12000
- Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.Calculate the selling price of a product if the cost price is R100 and the mark up on cost is 30%. Ignore VAT. A) R103 B) R113 C) R123 D) R130
- A mobile phone that sells for RM1,499 is marked up 30% of the selling price. (a) Calculate the cost. (b) Determine the percent of markup based on cost.Complete the table using the information provided and assume a VAT rate of 15%: Mark up on cost cost price (Excl VAT) profit (Excl VAT) selling price (Excl VAT) 20% A R40 bA business determines selling price by adding a mark-up of 30% to cost. The profit earned on a product with a selling price of £390 will be: a) £300 b) £117 c) £210 d) £90
- .Calculate the gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return inwards OMR 2000.,Return outwards 5000, Purchases 5000 a. OMR 8000 b. OMR 5000 c. OMR 10000 d. OMR 15000If the product was sold P80 per unit, how much was its unit cost? Inventory value that should be shown in the Statement of Financial Position of 08/31/21?Sohar Company’s financial information is given in the table below. Year Sales (OMR) Fixed Costs Variable Costs 2019 405000 90000 225000 2020 450000 120000 240000 Calculate: P/V ratio, E.P. Sales required to earn a profit of OMR 40000. Margin of safety at a profit of OMR 50000 Profit when sales are OMR. 200000.