Tài chính doanh nghiệpCâu 1108 / 1605
Which statement about markup and margin is correct?
a.Margin is always larger than markup for the same dollar profit
b.Margin is calculated on the selling price; markup is calculated on cost
c.Markup is calculated on the selling price
d.Markup and margin are always the same percentage
Giải thích
Margin expresses profit as a percentage of the SELLING price, while markup expresses the same dollar profit as a percentage of COST. Because the selling price is larger than cost, the margin percentage is always smaller than the markup percentage for the same dollar profit.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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?
- A job sells for $50,000 with a 20% gross margin. What are the direct job costs?
- A contractor applies a 100% markup on a $3,000 cost. What margin does that represent, and what is the price?
- A contractor's annual overhead is $120,000 and he expects $600,000 in direct job costs this year. What overhead rate should he add to each job's direct cost to recover overhead?
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)