Commerce - 4CM1 PearsonEdexcel

Commercial Calculations

Akopọ

Every commercial transaction involves numbers, from the price printed on a label to the profit recorded in a set of accounts. Knowing how to calculate mark-up, margin, discounts and stock turnover lets you judge whether a deal is fair, a product is priced correctly, and a business is trading efficiently.

In this lesson you will learn the formulas that underpin everyday commerce: trade and cash discounts, profit and loss, mark-up and margin, turnover, rate of stock turnover, commission, currency conversions, and simple interest. These calculations appear throughout the Commerce exam, so confidence with them is essential.

Awọn Afojusun

  1. Understand the concept and calculation of gross profit, profit for the year (net profit), mark-up, average inventory and inventory turnover

Àwòrán ọpọlọ

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Káàdì ìrántí

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Akọ̀wé Ẹ̀kọ́

A market trader buys a crate of mangoes for $40 and sells them for $60. The profit is $20, but is that a 50% return or a 33% return? The answer depends on whether you express the profit as a percentage of what you paid (mark-up) or what you sold for (margin). Commerce exams test both, and mixing them up is one of the most common errors candidates make. This lesson gives you a clear method for every calculation the specification requires.

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Ìdánwò Ẹ̀kọ́

Oriire fun ipari ẹkọ lori Commercial Calculations. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  1. A trader buys goods for $200 and sells them for $300. What is the mark-up percentage? A) 33.3% B) 50% C) 66.7% D) 100% Answer: B
  2. Margin is calculated by dividing profit by: A) Cost price B) Selling price C) Total costs D) Quantity sold Answer: B
  3. A cash discount is offered to encourage: A) Larger orders B) Early payment C) Repeat purchases D) Bulk buying Answer: B
  4. A business has cost of goods sold of $120,000 and average stock of $15,000. What is the rate of stock turnover? A) 6 times B) 8 times C) 10 times D) 12 times Answer: B
  5. An agent earns 5% commission on $8,000 of sales. How much commission does the agent receive? A) $40 B) $400 C) $4,000 D) $800 Answer: B

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