Dec 2008 Q# 4

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February 10, 2018 at 8:02 am #436178
Ema
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Sir,

The Stealth product has generated $320,000 of profit over its three year life measured on a traditional basis. This represents 40% of turnover – ahead of its target.

Please guide me as how have they got the 40% turnover here??

Thanks.
February 10, 2018 at 8:30 am #436189
John Moffat
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It is actually 38% – the examiner has rounded it to 40% because it is not a critical figure (all that matters is that it is more than target).
Profit is 320,000, turnover is 840,000. 320/840 = 38%
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