Lifelong Learning Zone e-learning
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!
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
Currently working through ACCA
0
Comments
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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 = £50,000AAT Level 4, MAAT
ACCA in progress
F4- Passed Aug 2020
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SBL -
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ATX - Passed Dec 21
APM - Passed June 220 -
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 sayMAAT - April 2022
Currently working through ACCA0
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