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Question 133 Page:37
In answer page 119:
1-I did’t understand from where you get 50% of gross profit for the Sunday opining.
2- Current annual spending:you multiple 30%, from where you get it , or it dose mean that 70% is gross profit then the remaining is 30% as the cost?
3- The new annul spending: the 400,000. it is gross profit(50%) or cost(as 50%)?
4-The staff costs: how did you get 1.5, could you explain it more by figures.
Thank in advance
1. The question says that the gross profit is 70% on Mondays through Saturdays. It then says that it is 20 percentage points lower on Sundays.
70% – 20% = 50%2. Yes – if the profit is 70% of sales, then the cost is 30% of sales
3. If the gross profit is 50% of sales then the cost is the other 50% !!
4. The question says that staff are paid time and a half for working on Sundays. That means that for every 1 hour they work they are paid for 1.5 hours. So since the normal rate of pay is $20 per hour, on Sundays they are paid $30 per hour (1.5 x $20).
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