• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Mark Up

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Mark Up

  • This topic has 5 replies, 2 voices, and was last updated 5 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • May 30, 2020 at 7:32 am #572267
    victorwilson
    Participant
    • Topics: 19
    • Replies: 27
    • ☆

    Dear Mr. John,

    All sales are made at Mark up on cost of 20%?

    Is it 20/120 or 20%only on total.

    Regards,
    Victor

    May 30, 2020 at 10:08 am #572278
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    By definition, the profit is 20% of the cost and therefore the sales are 120% of the cost. The cost is therefore 100/120 of the sales, and the profit is 20/120 of the sales.

    This is all explained, with examples, in my free lectures on mark-ups and margins.

    May 31, 2020 at 8:35 am #572402
    victorwilson
    Participant
    • Topics: 19
    • Replies: 27
    • ☆

    Dear Mr. John,

    Answer says

    (6700+84000-5400)*20%

    =17060 Answer

    Regards
    Victor

    May 31, 2020 at 3:16 pm #572426
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    How I am supposed to check when you have not told me the question?!!!

    Presumably the figures in your brackets are the cost, in which case the profit is 20% as is written, and as I wrote in my previous reply. If not, then either you have mistyped the question or there is an error in your book.

    Have you actually watched my free lectures on mark-ups and margins?

    June 1, 2020 at 7:18 am #572471
    victorwilson
    Participant
    • Topics: 19
    • Replies: 27
    • ☆

    Dear Mr. John

    As per the soluation of your lecture :

    Margin 40%= 15000

    Therefore: 15000*60%=9000

    Mark up 40% =15000

    Therefore 15000*100/140=10714.2

    If this is correct

    Regards,

    Victor

    June 1, 2020 at 10:16 am #572491
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    I do not know which example you are referring to. None of the examples in my lecture has the figures that you are quoting.

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • kartierclass on AA Chapter 9 Questions
  • revathik on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • Josfel on Relevant cash flows for DCF Taxation (example 4) – ACCA Financial Management (FM)
  • askar.turganbayev@gmail.com on AA Chapter 2 Questions
  • RashidMh on MA Chapter 1 Questions Accounting for Management

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in