Express the gross profit (GP) in money and as a percentage in the table below. (15 points) Selling Price Food Cost Gross Profit GP as % $10.00 $2.75 $12.50 $4.30 $7.95 $3.10 14.90 $4.65 $31.65 $7.90
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Express the gross profit (GP) in money and as a percentage in the table below. (15 points)
|
Selling Price |
Food Cost |
Gross Profit |
GP as % |
|
$10.00 |
$2.75 |
|
|
|
$12.50 |
$4.30 |
|
|
|
$7.95 |
$3.10 |
|
|
|
14.90 |
$4.65 |
|
|
|
$31.65 |
$7.90 |
|
|
|
|
|
|
|
Solution:
Gross profit is calculated as = Sales - Cost of goods sold
Gross profit ratio = Gross profit / Sales
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- Q.3.5 Complete the following table by filling in the missing amounts: (6) Mark-up on Cost Price Profit Selling Price Cost (excluding VAT) (excluding VAT) (excluding VAT) 25% 1 000 100% 6 000 1 500 2 500Calculate total revenue and fill in the table below. Price Quantity Total Revenue S50 60 $40 06 $35 110 S30 140 $25 190Complete the table using the information provided and assume a VAT rate of 15%: Mark up on cost cost price (Excl VAT) profit (Excl VAT) selling price (Excl VAT) 20% A R40 b
- assume that markup is based on selling price. calculate cost and selling price. dollar markup s $5.60 and percent on markup cost is 101.82%.Cont of pictures: Calculate gross profit rate under each of the following methods 1. LIFO 2. FIFO 3. Average-cost (Round answers to 1 decimal place, e.g. 51.2%)Using the data below compute of the following: Contribution margin per unit in 3. 2018, 4. 2019 5. 2020 BEP in sales units in 6. 2018 7. 2019 8. 2020 BEP in peso sales in 9. 2018 10. 2019 11. 2020 What is the required sales in unit for the desired Net profit 12. 2018 13. 2019 14. 2020 2018 2019 2020 Sales per unit Desired profit Fixed costs. P7.50 P9.00 P10.00 P15,000 P28,000 P30,000 360,000 375,000 420,000 Variable cost Cost per unit: Variable cost 2.50 4.00 4.00
- Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent. List Price Trade Discount Rate Net Price Factor Net Price $1,244.25 45.2% % $chapter 3 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
- Compute for the price-earnings ratio if the earnings per share are Php 5.50: Market Value per share P.E Ratio 1 27.500 2 30.250 3 22.000 4 17.875 5 28.875Assume that markup is based on cost. Calculate the cost and selling price. Note: Round your answers to the nearest cent. Cost Selling price Dollar markup $ 6.00 Percent markup on cost 101.69 %Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.