• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Rounding off percentages in Section B

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Rounding off percentages in Section B

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 5, 2020 at 10:00 am #597732
    applessauce
    Member
    • Topics: 85
    • Replies: 65
    • ☆☆

    Sir in Section B there was this question where it asked to find the Return on Sales

    What I’m about to type is the relevant information to finding the return on sales

    The information is as followed before

    Operating profit: $600,000
    Sales Revenue : $3,600,000

    Sir when I was calculating return on sales
    I did this method. =(600000/3600000)*100

    I got the answer as a recurring figure
    Since we usually correct to 2d.p I used the figure the 16.68%

    However this is wrong and the correct answer is 17%

    Sir please explain me to what decimal I should correct to because i remember that I have asked a previous question in regard with correcting trade recievables days(my answer was a decimal answer and you said not to correct it unless the question specifies to round it to a certain decimal place)

    In this question for return on sales i couldn’t write the whole answer because it was a recurring figure

    Sir please help me figure out how to deal with this type of question

    December 5, 2020 at 7:14 pm #597785
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Unless the question specifics how much rounding is required, then the software will be programmed to accept a range of answer – so do not worry 🙂

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • julio99 on Impairments – Impairment (CGU) – ACCA Financial Reporting (FR)
  • effy.sithole@gmail.com on EPS – diluted EPS Example – ACCA Financial Reporting (FR)
  • Ken Garrett on The Finance Function in the Digital Age – CIMA E1
  • DeborahProspect on ACCA SBR Specimen Exam 2 Question 1
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in