Identify the Most Suitable Type of Ticketing/Pricing for Each of the Following Items And
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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%? ______