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BITS AND PIECES(JUNE 2009)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › BITS AND PIECES(JUNE 2009)

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by LMR1006.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 29, 2023 at 5:44 pm #683726
    sagarm
    Participant
    • Topics: 25
    • Replies: 11
    • ☆

    SIR,
    In question – The sales of business on monday through to saturday averages at 10,000$ per day with average gross profit of 70% earned.
    b&p expect that the gross profit % earned on sunday will be 20% point lower than the average earned on the other days in the week.
    ans is gross profit = 50%

    sir why not this is 70*0.8= 56 ?

    i’m confused on wording.

    May 2, 2023 at 6:36 pm #683846
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1511
    • ☆☆☆☆☆

    Ave 10000pd with 70%

    Sunday 60 % more so 10000 * 1.6 = 16000 * 50 days = $800,000

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