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How do you find the cost inventories on the 25 percent mark up?
Wiki User
∙ 14y ago
If a product is purchased for 100 and 25% mark-up is added then the selling price will be 125.
Therefore cost for inventory purposes can be calculated by finding cost as a percentage of selling (100/125 x 100 = 80%)
or for any percentage mark-up
1-(m/(1+m))
where m= markup
1-(.25/(1+.25)) =0.8 or 80%
Wiki User
∙ 14y ago
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The preparation of a schedule of inventories.?
Placing a question mark at the end of a list of expressions or numbers does not make it a sensible question. Try to use a whole sentence to describe what it is that you want answered.
The cost of an item is Rs 12.60 If the profit is 10 percent over selling price what is the selling price?
Cost = 12.6010% markupPROPER Math for MARK UP: 12.6 divided by 0.9 = 14.00The math is done this way so if you reduce the price by 10% you get to your original cost (close anyway)
How do you calculate cost of goods sold with a mark up?
Calculate it, Idiot.
What mark up to make 12.5 percent gross profit?
If your Gross Profit is 12.5% of Selling Price, that means your Cost of Goods Sold is 87.5% of Selling Price. 1/.875 = 1.143 So you need a 14.3% markup to achieve a 12.5% Gross Profit. Example: Cost = $100 Selling Price = $100 x 1.143 = $114.30 Gross Profit = $114.30 - $100.00 = $14.30 14.30/114.30 = 12.5%
Is the Retail Inventory Method accurate?
It is as accurate as any inventory method. It is much easier to take inventory at retail if you are on the floor counting the items because they are priced at retail. When you reconcile the number of units on hand vs the number purchased, you will know how many you sold or are not accounted for in the sales records. The term for those missing items is "shrinkage" and is a factor in GMROI. Theft of merchandise, mark downs and paperwork errors contribute to shrinkage....one important reason to take inventory. The problem with cost inventories (from my view) is that discounts, volume pricing and other variances to the cost of like items makes it hard for the inventory taker to determine which one was purchased at one cost, and which one at another. If the merchandise tags are coded and inventoried using those codes, the cost can be applied post inventory. A complete and accurate count, no matter how you do it, is what matters.
How do you find out the cost of a item from retail with a 100 percent mark-up?
A 100% mark up doubles the selling price.
A mark up of 25 percent on cost is equivalent to what mark up on selling price?
20
How do you find out the cost of a item from retail with a 40 percent mark-up?
Multiply the retail amount of the item by 0.2857 for 40% mark up. That number is the mark-up amount. Just subtract that number from retail amount and That is the cost. Learn how to write this equation and the multiplier of 50%, 75% and more at:www.mathtestingtutor.com
What is the total cost of an item costing 94.25 with a mark up of 45 percent?
136.66
How do you find the cost of a item if you know the markup cost 130.50 and the markup percentage 58 percent?
mark-up a percentage of the cost. → mark-up price = cost + cost × percentage = cost × 100% + cost × percentage = cost × (100% + percentage) → cost = mark-up price ÷ (100% + percentage) → cost = 130.50 ÷ (100% + 58%) = 130.50 ÷ 158% = 130.50 ÷ (158/100) = 130.50 × 100/158 ≈ 82.59 (There are rounding errors in this as 82.59 × 158% ≈ 130.49, and 82.60 × 158% ≈ 130.51; 82.59½ × 158% ≈ 130.50.)
What price should a shopkeeper mark on an article which cost him rs.400 to gain 10 percent after allowing a discount of 12 percent?
Rs. 500 /-
A percent of the cost of an item added onto the item's cost?
Mark-up, it is not profit. Profit must account for other fixed costs associated with selling
How much percent above the cost price should a shopkeeper mark his goods so that after allowing a discount of 20 percent on the marked price he gains 12 percent?
Mark the goods at 40% above cost price. Need sell_price such that: 80% of sell_price - cost_price/cost_price x 100 = 12% ⇒ 0.8 x sell_price - cost_price = 0.12 x cost_price ⇒ sell_price = 1.12/.8 cost_price = 1.4 cost_price 1.4 x 100 = 140% ⇒ mark at 40% above cost.
If you have an overall mark of 67 percent your final exam is worth 40 percent What mark do you have to get on your final exam to come out of the class with a 70 percent as your mark?
You need at least a 75% on your exam.
How do you calculate the cost if you know the selling price and mark up percent?
If the selling price is S and the Mark-up is M% then the cost, C*(1 + M/100) = S So that C = S/(1+M/100) = 100*S/(100 + M)
What is mark up percent if cost to store is 75 and selling price is 180?
So it is 105 gain. 105/75,x100 = 140% markup
Nick wants to buy a pair of shoes. The original cost of the shoes is 56.75 and the markup is 12 percent. How much will he have to pay for the shoes markup value original cost and times percentage mark?
49.64
