PDSY - Sypnotic aat level 4 practice assessment paper 1 question 1.5 a.

eva518

Hi,
Can anyone help me please.
Question 1.5 a In the new practice assessment paper, can anybody tell me how to work out the Gross Profit % ratio, as there is no GP figure within the last two years of accounts given. There Is only profit from operations.

Much appreciated ;-)

Nicola22

Hi,

Gross profit is revenue less the cost of goods sold
so 20,900 - 15,144 = 5,756
5,756 / 20,900 x 100 = 27.5%

eva518

Thanks Nicola