| C Smith and Sons - Profit Margin Method | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| Job No. | Total Cost | Profit Margin | Selling Price |
| 301 | 300 | 75 | 375 |
| 302 | 480 | 120 | 600 |
| 303 | 600 | 150 | 750 |
| 304 | 800 | 200 | 1000 |
| Profit Margin | 0.2 | ||
| Total Cost | 80 | ||
| 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 |
| 301 | 60 | 75 | 15 |
| 302 | 96 | 120 | 24 |
| 303 | 120 | 150 | 30 |
| 304 | 160 | 200 | 40 |