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section c

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › section c

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • June 26, 2021 at 5:33 pm #626397
    xyzc
    • Topics: 248
    • Replies: 59
    • ☆☆☆

    bits and pieces (6/09)

    For part a) of this question, how has the purchase cost been calculated and what does it represent.

    If the gross profit is 70%, then the remaining 30% is what. Is it cost of sales, or purchase cost or something else.

    I calculated the average sales revenue to be 800000 and the gross profit of 50% of that i.e. 400000. But when I calculated the gross profit by subtracting 335000 from 800000 I got a different figure of 465000. Why am I getting this difference, and which one is correct.

    June 27, 2021 at 8:03 am #626424
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49602
    • ☆☆☆☆☆

    The remaining 30% is the cost of sales.

    The correct answer is the printed answer. I cannot explain where your figures came from. If you are not clear about the workings in the printed answer then say which part you are not clear about.

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