Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Rounding off percentages in Section B
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- December 5, 2020 at 10:00 am #597732
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 : $3,600,000Sir when I was calculating return on sales
I did this method. =(600000/3600000)*100I 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 #597785Unless the question specifics how much rounding is required, then the software will be programmed to accept a range of answer – so do not worry 🙂
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