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f5 mock exam

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › f5 mock exam

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • June 4, 2021 at 4:49 pm #623193
    makhtar52
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    The following information is available for a product:
    Target selling price £20 per unit
    Target mark-up on cost 1/3
    Estimated product cost £16 per unit
    What is the target cost gap for this product
    Answer
    Target cost = 3/4 * £20 =£15
    please advise how you work out 3/4 when target mark-up on cost is 1/3

    June 5, 2021 at 9:06 am #623237
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54752
    • ☆☆☆☆☆

    For every $3 of cost, the profit is 1/2 x $3 = $1, and therefore the selling price is $4.

    Therefore the cost is $3 for every $4 of selling price.

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