Question

A company sells its printers to customers in order to make a profit of 25%. Calculate:
(ii) the price the company paid for a printer which was sold to a customer for $2,500.

Answer 1

The correct answer depends on the meaning of 25% profit. Does the company want to make a profit of 25% of SALES, or a MARKUP (over cost) of 25% ??? The markup method is equivalent to 20% profit of Sales.

Under the normal Accounting Convention, you usually see profit/sales (revenue)

Answer 2

The company wants to make a profit of 25%

Answer 3

oop meh bed

Answer 4

it's fine

Answer 5

uhh idk ab this one tbh

Answer 6

IT'S FINE

Answer 7

trying to do it too but still isn't getting it

Answer 8

lol yh its kinda a tuff one

Answer 9

ik

Answer 10

i was honestly about to just put a wrong answer