Mr. Robertson owns a store. His mark-up percentage is 80%. He is also VAT registered, VAT is15% of the selling price.Mr. Robertson buys handbags at R108 each, what is the selling price of thesebags excluding VÁT?2.12.2How much profit would he earn selling 25 bags?| 2.3Calculate the selling price of one handbag including VAT.2.4Mr. Robertson hires a new assistant. She calculates that a pair of shoes that isbought for R850 should be sold for R1572,50 excluding VAT. State, withcalculations, whether her mark-up percentage was correct.2.5Mr. Robertson sells a pair of jeans for R459,99 excluding VAT. Calculate the costprice before the mark-up.

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Answered: Mr. Robertson owns a store. His mark-up…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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