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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › BITS AND PIECES(JUNE 2009)
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.
Ave 10000pd with 70%
Sunday 60 % more so 10000 * 1.6 = 16000 * 50 days = $800,000
