20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

December 2017, question 1 (iii)

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
March 20, 2019 at 4:40 am #509763
Roxana
Member
- Topics: 15
- Replies: 5
Hi. Can you please tell me how the target cost was calculated? Thank you.
March 20, 2019 at 7:22 pm #509869
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10530
The required profit percentage is 15% of sales. There fore costs must be 85% of sales revenue.
0.85 x 2500 = 2125
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.