Finanzas ComercialesPregunta 1104 de 1605
A 50% markup on cost is equivalent to what gross profit margin?
a.40%
b.25%
c.50%
d.33.3%
Explicación
Take cost = $100. A 50% markup adds $50, giving a price of $150. Margin = profit / price = $50 / $150 = 33.3%. Markup and margin are different: markup is on cost, margin is on price.
Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A contractor's direct job costs are $8,000. He applies a 25% markup on cost. What is the total price he charges the customer?
- A job costs $12,000 and is sold for $15,000. What is the gross PROFIT MARGIN (as a percentage of the selling price)?
- A contractor wants a 40% gross margin on a job whose direct costs are $6,000. What selling price must he set?
- A contractor's price is $20,000 and direct cost is $16,000. What is the markup percentage on cost?
- To achieve a 30% gross margin, what markup on cost must a contractor apply?
- A contractor buys materials for $2,000 and applies a 35% markup. What is the marked-up material price?
Última revisión: · proceso editorial
Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)