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O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2018 · Q201 Mark

A trader provided the following information. revenue 100 000 cost of sales 60 000 gross profit 40 000 profit for the year 20 000 What was the mark-up?

A20%
B33.33%
C40%
D66.67%

✓ Correct answer

D: 66.67%

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About this question

Topic
Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 20.

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