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Mark-up and Margin

Forums › Ask CIMA Tutor Forums › Ask CIMA P1 Tutor Forums › Mark-up and Margin

  • This topic has 0 replies, 1 voice, and was last updated 11 months ago by yinghou.
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  • Author
    Posts
  • February 20, 2022 at 4:07 pm #648986
    yinghou
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Below question from Kaplan Chapter 2 Example 7:

    A product has a total production cost of $60. Determine the selling price for the product if the company wants to achieve:

    (a) A 20% mark-up on total production cost
    Answer is $72
    (b) A 20% margin on total production cost
    Answer is $75

    Is there anyone can tell me why Mark-up SP is $72 and Margin SP is $75 please? I thought for some product Mark-up will give a higher price than Margin?

    Many thanks,

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