While going through consolidation questions am finding it quit hard to differentiate between markup and margin, when it comes to intercompany trading.
Ask the Tutor ACCA FR
MARK UP VS MARGIN
Sing this little mantra to yourself:
Mark up is "on" cost
Margin is "on" sales
And whatever it's "on" is 100
Take it from there
And remember that "gross profit" and "gross margin" are alternative ways of referring to "margin"
Ok?
This finally clears up the confusion! Thanks a lot Mike.
You're welcome
Sign in to reply to this topic.