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Sir, can you please help me out. I dont know whether I am correct or whether my exam kit was wrong with this solution.
1. calculate Gross margin, Gross Profit is £12m and Revenue is £23m.
My own answer is 52% while my exam kit answer is 522%2.Calculate Operating margin. Profit before interest and tax is £4m while Revenue is £18m.
my own answer is 22% while my exam kit is 222%3. who is correct, please if i am wrong, can you explain solution to me.
4. Thanks for help to we students
You are right. The exam kit has misprints and left out decimal points. Should say 52.2% and 22.2%.
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