Thanks for the reply. I probably should have said that it’s part c or question 1, relating to the gross profit for 2011. Under working 2 it has the GP % as 36·8421052% but I can’t work out how they came to that, I thought it should just be 35%. I have the answer from [...]
Hi Just wondering how did they get the gross profit figure for years three and four. In year three they work out the gross profit % as (40-5)/100(.95) . how did they come up with this figure? why is it not just 35%. where does the .95 come from. Thanks for your help.