quick help required on percentages anyone?

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:31AM in AAT student discussion
Can anyone help with how the percentage figure is worked out on the following? (UNIT 7)<BR> Actual re-stated Actual change in year <BR> 20x8 20x8 20x9 %<BR>Sales 12,247,318 12,824,734 14,913230 16.3<BR><BR>re-stated figure is worked by 12,247318 /161.2 (given index for x8) x base year 168.8<BR><BR>How is the percentage figure of 16.3 worked out??? there are no workings for the answer given and no explanation in the book<BR><BR>Thank you for your help

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    quick help required on percentages anyone?

    <BR><BR>The answers in the book are not always correct. This could be due to a typo or careless annotation, or whatever. <BR><BR><BR>I make the change +14.00% (the revised 20X8 figure divided by the 20X9 figure times 100)<BR><BR>Are you sure there are no other factors to take into consideration e.g., part years?<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    quick help required on percentages anyone?

    Thanks for this, but still makes no sense, the only other factor is the rest of the figures from the profit ad loss sheet, ie Opening Stock, Purchases etc but these were too much to type on here so I just done the first line, but in each case you have to restate the figures for 20 X8 put the figures for 20X9 and the next column is this % of the difference in years which as mentioned I can't work out. I am usinf FTC books.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    quick help required on percentages anyone?

    <BR><BR>Perhaps you need to use just the current stock (the amount sold). Try deducting the closing stock and see if that figure leaves 16.3% change

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