O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2020 · Q301 Mark

Meesha provided the following information for her first year of trading. $ sales (1000 units at $10 each) 10000 cost of sales (1000 units at $4.50 each) 4500 gross profit 5500 In her second year of trading, Meesha reduced the selling price and sold 1500 units. Her gross profit decreased by $250. There was no change in the cost per unit. What was the total value of sales in the second year of trading?

A$9750

B$10250

C$12000

D$12500

✓ Correct answer

C: $12000

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 30.

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