商业财务第 1106 / 1605 题
To achieve a 30% gross margin, what markup on cost must a contractor apply?
a.42.9%
b.70%
c.30%
d.23.1%
解析
The markup that yields a given margin = margin / (1 - margin). Here 0.30 / 0.70 = 0.4286 = 42.9%. Check with cost $100: 42.9% markup gives price $142.90; margin = $42.90 / $142.90 = 30%.
免费刷完整 1605 道题库 — 无需注册。
同考点相关题目
- A contractor wants a 40% gross margin on a job whose direct costs are $6,000. What selling price must he set?
- A 50% markup on cost is equivalent to what gross profit margin?
- A contractor's price is $20,000 and direct cost is $16,000. What is the markup percentage on cost?
- A contractor buys materials for $2,000 and applies a 35% markup. What is the marked-up material price?
- Which statement about markup and margin is correct?
- A job sells for $50,000 with a 20% gross margin. What are the direct job costs?