5.5 INTEGRATED PROBLEMS

5.5 INTEGRATED PROBLEMS - Sale Price = Regular Selling...

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5.5 INTEGRATED PROBLEMS (markup and markdown) MARKUP Selling price = Cost + Expenses + Profit S = C + E + P Markup (or Margin) = Expenses + Profit M = E + P Selling price = Cost + Markup S = C + M Rate of Markup = Markup x 100% on Cost Cost Rate of Markup = Markup x 100% on Selling price Selling price MARKDOWN Markdown = markdown rate X Regular Selling Price Sale Price = Regular Selling Price – Markdown
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Unformatted text preview: Sale Price = Regular Selling Price (1 markdown rate) markdown rate = Markdown X 100% Regular Selling Price --------------------------------------------------------------------------------------------------------------------------Total Cost = Cost + Expenses Break-Even Price = Cost + Expenses Operating Profit/Loss = Sale Price (Cost + Expenses) Absolute Loss = Sale Price Cost...
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This note was uploaded on 04/04/2012 for the course MATH 1052 taught by Professor Kit during the Winter '12 term at Fanshawe.

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