Exam L4M5 Topic 12 Question 147 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 147
Topic #: 12
In a detailed cost breakdown, a company has a salary cost of 9%, raw materials cost 51% and overheads cost
24%. Which of the following represents themark-up of that company?

Suggested Answer: B Vote an answer

Explanation
Mark-up is the amount added to the cost of an item to get to its selling price and is expressed as a percentage.
Mark-up(%) = (Price - Cost) / Cost x 100
= (100 - 9 - 51 - 24) / (9 +51 +24) x 100 = 16 / 84 x 100 = 19.04%
LO 2, AC 2.1

by Maureen at Mar 06, 2025, 03:54 AM

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