O-LevelAccountingAnalysis and interpretation7707/12 · May/June 2014 · Q221 Mark

What is the formula for calculating mark-up?

Agross profit cost of sales

Bgross profit sales

Cprofit for the year cost of sales

Dprofit for the year sales

✓ Correct answer

A: gross profit cost of sales

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 22.

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