- This topic has 3 replies, 2 voices, and was last updated 10 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Dear John,
Selling price is fixed at the cost of inventory plus 50%.
It is calculated as cost of sale * 100/150.My question is that why we use 150 instead of 50.
First of all, it is not calculated as cost of sale x 100/150 !!
(it is cost of sale x 150/100)Suppose you had something that cost $100. Then selling price is $100 + (50% x 100), which equals $150.
So….for every 100 cost of sale, the selling price is 150.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.