| PERCENTAGES | ||
| VAT A percentage = a fraction i.e. 100% = 1 |
||
| DETAILS | R | % WRITTEN OUT AS EXCEL |
| SELLING PRICE | 500 | 100 1.00 |
| VAT | 75 | 15 0.15 |
| SELLING PRICE | 575 | 115 1.15 |
| MARK UP & MARKUP MARGIN | ||
| DETAILS | R | % WRITTEN OUT AS EXCEL |
| COST-OF-SALES | 1,580 | 100 1.00 |
| MARK-UP | 316 | 20 0.20 |
| SALES | 1,896 | 120 1.20 |
| GROSS PROFIT AND GROSS PROFIT MARGIN | ||
| DETAILS | R | % WRITTEN OUT AS EXCEL |
| COST OF SALES | 2,000 | 80 0.80 |
| GROSS PROFIT | 500 | 20 0.20 |
| SALES | 2,500 | 100 1.00 |
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