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Bits and Pieces bpp question number 133 2016/2017

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Bits and Pieces bpp question number 133 2016/2017

  • This topic has 2 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • February 18, 2020 at 6:25 pm #562304
    kennigara
    Participant
    • Topics: 181
    • Replies: 242
    • ☆☆☆

    Hi Dear Tutor, I have a question.

    I did not find gross profit margin under new method given 50%

    Sunday

    revenue-16000
    profit(16000*0.7)-11200-says 20% lower then 11200*0.8=8960 but in the quesyion it has showed as 8000 and gross profit 50% need explanation?

    thanks in advance

    February 18, 2020 at 7:01 pm #562307
    kennigara
    Participant
    • Topics: 181
    • Replies: 242
    • ☆☆☆

    Dear Tutor, another question is that if the company is considering opening on Sunday why 6o days are considered not 7 days?

    Question a says consider sunday incremental revenue exceeds incremental costs over a yearof period ?why here over a year of period is considered 6 days per week not seven days?

    I understand that Sunday revenue should be taken for calculation not including Sunday itself but the company opens for seven days not 6 days therefore I am confused

    February 19, 2020 at 9:35 am #562366
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 53326
    • ☆☆☆☆☆

    The question says that the average gross profit is 70%. It then says that on a Sunday it will be 20 % points lower. So on a Sunday it will only be 50%.

    The answer is showing all 7 days, but because the profit is different on Sundays it is having to calculate Sunday results (50 days a year) and other days results (300 days a year) separately.

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