| Mason plc - Profit Margin Method | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| Job No. | Total Cost | Profit Margin | Selling Price |
| 411 | 3000 | 1285.71 | 4285.714285714285 |
| 412 | 4200 | 1800 | 6000 |
| 413 | 5500 | 2357.14 | 7857.142857142857 |
| 414 | 9000 | 3857.14 | 12857.142857142859 |
| Total Cost | 70 | ||
| Let’s compare the results of both methods for the same jobs. Complete the following table: | |||
| Job No | Profit Mark-Up Method | Profit Margin Method | Difference |
| 411 | 900 | 1285.71 | 385.71000000000004 |
| 412 | 1260 | 1800 | 540 |
| 413 | 1650 | 2357.14 | 707.1399999999999 |
| 414 | 2700 | 3857.14 | 1157.1399999999999 |