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Gross Margins

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Gross Margins

  • This topic has 0 replies, 1 voice, and was last updated 10 years ago by Avatarshamiskhan.
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  • October 1, 2015 at 10:24 am #274486
    Avatarshamiskhan
    Member
    • Topics: 6
    • Replies: 2
    • ☆

    I am having a real dumb moment this morning, can anyone help

    I was doing some basic practise questions and got stuck on a Gross Margin question. I couldnt remember which figures to use to get the Gross Margin figures

    the question is as follows

    Based on the facts below;
    1. What is the Gross Margin value?
    2. What is the Gross Margin %?
    3. Explain the Gross Margin %

    Quantity Unit Cost Unit Sell Price
    Buy Prod A 60 11.00 18.00
    Sell Prod A 45 11.00 18.00
    Buy Prod B 950 14.50 29.00
    Sell Prod B 80 14.50 29.00

    I have don’t the calculation but I think I have don’t it wrong, any help would be greatly appreciated

    Thanks

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