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doubt

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › doubt

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
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  • November 13, 2017 at 7:27 am #415485
    iza1
    Participant
    • Topics: 115
    • Replies: 112
    • ☆☆☆

    https://opentuition.com/topic/dec-2016-help-hare/

    This question, return to achieve profit is 885000/65% = 1361538

    55 & 30 are the entry fees.
    22000 & 14000 entries
    Therefore 1361538 * 22/36 ? I don’t get the answer which is 17915 marathon entries & 12540 half marathon entries

    Please help

    November 13, 2017 at 10:29 am #415518
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    Given that the question says that a constant sales mix is to be assumed, then the entries must be in the ratio of 20,000 to 14,000.
    Your answer therefore cannot possibly be correct.

    Of the four choices of answers, then if you check only the first and last are in the correct ratio.

    As I wrote before, assuming that you have found this question in a Revision Kit from one of the ACCA approved publishers, then you must have an answer with workings and you must ask about whatever it is in the workings that you are not clear about.

    November 13, 2017 at 12:06 pm #415544
    iza1
    Participant
    • Topics: 115
    • Replies: 112
    • ☆☆☆

    Yes but, if revenue to get target profit is $1361538 ,

    1361538 *20/34 (where sales mix is 20 : 14 ) should give me sales of full marathon isnt it? where am i going wrong >

    Answer says 1361538 * 110 / 152

    and 1361538 * 42/152

    i dont understand that 110 and 42

    November 13, 2017 at 7:34 pm #415614
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    When is says the sales mix is 20:14, that is the number of people – that is not the same as the revenue (because they charge different prices).

    In terms of revenue, for 20 full marathons, the revenue is 20 x 55 = $1100
    For 14 half marathons, the revenue is 14 x $30 = $420

    So the revenue is in the ratio 1100:420 (or 110:42)

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