FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sales Revenue
Purchases
Gross Profit
Selling Expenses
Admin Cost
Operating Loss
GBP
18,600
(18,200)
400
(200)
(620)
(420)
c) Using the information above, calculate mark-up (in percentage to 1 decimal
place).
d) Using the information above, calculate the margin as a % to 2 decimal
places.
e) Using the information above, what is the operating profit margin percentage
if the admin cost is reduced by 50%? Show this to nearest whole
percentage.
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Transcribed Image Text:Sales Revenue Purchases Gross Profit Selling Expenses Admin Cost Operating Loss GBP 18,600 (18,200) 400 (200) (620) (420) c) Using the information above, calculate mark-up (in percentage to 1 decimal place). d) Using the information above, calculate the margin as a % to 2 decimal places. e) Using the information above, what is the operating profit margin percentage if the admin cost is reduced by 50%? Show this to nearest whole percentage.
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