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Formula to solve qs related to markup or margin qs?? Problem in calculating both of these in qs clear this with examples??
Cost + markup =selling price
100 + 33 1/3 = 133 1/3Given any figure use proportions to find others.
Cost + Mark-up = Sales
66 2/3 + 33 1/3 = 100
I don’t think cultural web is relevant to P5
June 2011
Qs 4 how these overall market growth calculations done 0.67,9.66,_2.67,6.99 and also Ent divisional growth 4.67,15.28. ,_1.34,6.98????????Taking restaurants, market sector:
Goes from 10,752 to 10,968 in three jumps, from 2010 to 2011, from 2011 to 2012 and from 2012 to 2013. There are three periods of growth.
If annual growth = g, then
10,752(1 + g)^3 = 10,968 [^3 = cubed]
(1 + g)^3 = 10,968/10,752
1+g = Cube root of (10,968/10,752) = 1.0067
g = 0.0067 or 0.67%
Other figures similarly.
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