- This topic has 3 replies, 2 voices, and was last updated 7 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
good day john,
In pass paper sept 2016 q 31 how is the gross profit margin for household goods calculated to arrived at 40% for 31 august 20×6 & 30% for 31 august 20×5
For household goods, in 20X6, sales are 38,990, cost of sales is 23,394, therefore the profit is 15596.
Therefore the gross profit margin = 15596 / 38990 = 40%It is the same workings for 20X5.
Viewing 4 posts - 1 through 4 (of 4 total)
- The topic ‘pass paper sept 2016’ is closed to new replies.