A-LevelAccountingTraditional costing methods9706/12 · May/June 2019 · Q181 Mark

A trader wishes to set a selling price. How does he use a mark-up?

Aby adding a percentage to the cost

Bby adding a percentage to the selling price

Cby deducting a percentage from the cost

Dby deducting a percentage from the selling price

✓ Correct answer

A: by adding a percentage to the cost

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Topic: Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2019 Paper 1 Variant 2, question 18.

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