Lifelong Learning Zone e-learning

livintiv
livintiv Registered Posts: 69 Regular contributor ⭐
Hello all!

I'm working through the exercises on the lifelong learning zone today and found some questions which confused me a bit. It's entirely possible I was just being stupid, so have a look and let me know whether I'm being thick!



MAAT - April 2022
Currently working through ACCA

Comments

  • Pian32
    Pian32 Registered Posts: 474 Dedicated contributor 🦉
    So the second question gives you the answer. I'm assuming it's either a state the obvious or misprint.

    The first question tells you the profit margin and the cost of sales and you want sales: (If it was mark up then it'd be CoS*(1+markup))

    Profit Margin= ((Sales - Cost of sales) / Sales)*100

    or recognize that if the profit margin is 45% the remaining 55% has to be the cost of sales

    0.55 S = CoS

    S = 27,500/0.55

    S = £50,000
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Passed Sep 2021
    F9 - Passed June 2021

    SBL -
    SBR - Passed Mar 22
    ATX - Passed Dec 21
    APM - Passed June 22
  • livintiv
    livintiv Registered Posts: 69 Regular contributor ⭐
    Right, thanks! I battled through it in the end (not without getting it wrong first, always the best way), but I kept reading these words and thinking that it just didn't make sense. Ah well, onwards and upwards, as they say B)
    MAAT - April 2022
    Currently working through ACCA
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