PEV - how did you all find it....?

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  • block15
    block15 Registered Posts: 21 New contributor 🐸
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    The increased profit was 2400 and the increase in fixed assets was 3000 so you do 2400 divided by 3000 to get 80% increase.
  • hue
    hue Registered Posts: 7 New contributor 🐸
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    pev exam question regarding the increase in profit

    Thank you for your reply but could i just ask you if you do remember from the begining because i mess up with my from the start so i got the wrong figure. could you (block15) please tell me... many thanks.
  • block15
    block15 Registered Posts: 21 New contributor 🐸
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    Basically you saved 50p per item on materials plus £1 extra on the selling price. Times by 1200 units is 1800. Plus 600 saved on admin costs is 2400.

    Of course in the exam I wrote out the whole P and L account before I realised you could do it an easier way!
  • cs_1988
    cs_1988 Registered Posts: 231 Dedicated contributor 🦉
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    Lol Block!

    I nearly did the same, then realised it said ten minutes above the task!

    Lol
  • Flipflop
    Flipflop Registered Posts: 67 Regular contributor ⭐
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    I wrote it all out again, then read the 10 min thing, not sure if got answer right either, nevermind :-)
  • mark130273
    mark130273 Registered Posts: 4,234 Beyond epic contributor 🧙‍♂️
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    so wh ythe hell did i get 2700 and a 90% return !!
  • Joseyann
    Joseyann Registered Posts: 1 New contributor 🐸
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    I got £27,200 for my cost card
  • beerblue
    beerblue Registered Posts: 7 New contributor 🐸
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    Did anyone one else find the timing a bit tight?
    I found myself frantically scribbling fo r the last 2 questions with a race against the clock.
  • chris ross
    chris ross Registered Posts: 1 New contributor 🐸
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    ha ha me 2 thought it would be lucky no 3 but no!!!!!!!
  • ruthy21187
    ruthy21187 Registered Posts: 2 New contributor 🐸
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    do we have any ideas on the average % needed to pass each section? all my other exams have been really good this week but i am still nervous for my results from monday's pev...think i nailed section 1 but not convinced at all about section 2. thanks!
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    has anyone read sandy's answers and do they vary much from your own.

    1 week on and i cannot remember anything about the exam at all

    Tracy
  • karenv
    karenv Registered Posts: 114 Dedicated contributor 🦉
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    I think Sandys answers look very much like the ones I got.
    He tackled the two questions I found difficult in the way I did in the exam. Which was a relief...
    So even if I got wrong answers I hope to get some marks for them
  • mark130273
    mark130273 Registered Posts: 4,234 Beyond epic contributor 🧙‍♂️
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    everytime i think how ive done it gets worse...so im not thinking now ?

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