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Hi Just wondering how did they get the gross profit figure for years three and four. In year three they work out the gross profit % as (40-5)/100(.95) . how did they come up with this figure? why is it not just 35%. where does the .95 come from. Thanks for your help.
In the BPP kit the answer for 20×7 is 35% (70/200) and 20×8 is 30% (51/170) probably an error on your solution sheet
Thanks for the reply. I probably should have said that it’s part c or question 1, relating to the gross profit for 2011. Under working 2 it has the GP % as 36·8421052% but I can’t work out how they came to that, I thought it should just be 35%. I have the answer from ACCA website so I’m assuming it’s right I just don’t understand how they got to it.
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