TAFE NSW – Northern Sydney Institute Certificate II Floristry (7735)

With each of the items below you need to mark them up by 150% and add GST To do this you should multiply the unit price by 150% this will give you the mark up amount. Then add this amount to the wholesale unit price. Once done you need to add a 10% GST on the sale price.

A breakdown of your calculation goes as follows:

Unit price x 150 ÷ 100 = mark up. Mark up + unit price = retail price pre GST Retail price x 10 ÷ 100 = GST Retail price + GST = Retail price including GST

A simple way to complete this task is to multiply the unit price by 2.5. This will give the retail price with the 150% mark up. Then calculate the GST.

Retail Price: Retail Price:

Retail Price Retail Price:

Retail Price: Retail Price:

What would be your calculation if your boss asked you to mark up items by 200%? ______