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Module 2 - Cost of Sales Calculation

The document outlines the calculations for cost of sales in a trading business, detailing the definitions of cost price, selling price, and mark-up. It provides a formula for calculating cost of sales and sales based on the mark-up percentage. Additionally, it includes a table for calculating missing figures related to cost price, profit mark-up, and selling price for various items.

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paulmoulongo9
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11 views1 page

Module 2 - Cost of Sales Calculation

The document outlines the calculations for cost of sales in a trading business, detailing the definitions of cost price, selling price, and mark-up. It provides a formula for calculating cost of sales and sales based on the mark-up percentage. Additionally, it includes a table for calculating missing figures related to cost price, profit mark-up, and selling price for various items.

Uploaded by

paulmoulongo9
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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TRADING BUSINESS: COST OF SALES CALCULATIONS

Cost Price: The amount the business pays for the goods.
Selling Price: The amount the business charges when the goods are sold.
Mark-up: The percentage the business adds to the cost price.

Cost of sales = Sales x 100


100 + mark-up%

Sales = Cost of sales x 100 + mark-up%


100

Activity 2.6

REQUIRED:

Calculate the missing figures in the table below .

No. Cost price Profit mark up (%) Selling price


1 R3 000 ? R4 500
2 R3 000 150 ?
3 ? 80 R360
4 ? 20 R4 500
5 R1 800 ?
6 R2 500 ? R7 500
7 R16,80 16 ?
8 R1 400 ? R1 680
9 R1 960 ? R2 450
10 R900 ?

11
Accounting: Preparation for Grade 10

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