As a managerial accounting student could you provide logical relationship between Tp, Scb, and Mak-up percentage under the five situations

1. 2. 3. Targel- once SCB : MARK. op% 4501000 Dm/DL= 225000 100% 4501000 F.C. Job = 3001000 50% 4501000 v.cosil tab=2601000 7

Expert Solution

Given there are 5 different situations,

Markup can be expressed on different bases (on different costs). That bases are SCB's. In the given 5 situations, Mark-up's are calculated on different SCB in different situations.

Mark up = Total price - SCB

Markup % = (Total Price - SCB)/SCB

This is the relationship between the three terms

Verifying this with the given situations

Total Price	SCB	Workings	Mark-up	Check
450,000	225,000	(450,000-225,000)/225,000	100%	Correct
450,000	300,000	(450,000-300,000)/300,000	50%	Correct
450,000	260,000	(450,000-260,000)/260,000	73.08%	Correct
450,000	375,000	(450,000-375,000)/375,000	20%	Correct
450,000	285,000	(450,000-285,000)/285,000	57.89%	Correct

Nabeel answered 2 years ago

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