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CIMA C02
Oct 20, 2016 15:53:57 GMT
via mobile
Post by kingkurryviii on Oct 20, 2016 15:53:57 GMT
I cannot figure out how 25% Margin is somehow equivalent to a 33.33% Mark Up?! Can someone please explain how and the calculation (if there is one)
Thanks!
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Post by Tom on Nov 4, 2016 16:26:03 GMT
Think of it like this:
25% margin means that you have
Sales as 100%
Cost of sales as 75%.
For a mark-up, cost of sales is 100%.
And to get from 75% to 100% you times 75 by 1.33. Doing the same for sales you have 100 x 1.33 = 133.33 i.e a 33.33% mark-up.
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