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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › PURP
Hi everyone…
I’m having problems with Q46 in the Kaplan exams kit… Can someone please help me with the PURP calculations… i didnt understand why it multiplied by 30%????
Thanks
Hi – I don’t have a Kaplan kit but it looks like the pup has been calculated by multiplying the intra-group inventory by 30% because it was transferred by the selling company who always achieves a 30% gross profit ( or gross margin, or margin )
