O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2024 · Q321 Mark

Omar had an increase in his gross profit margin. What could have caused this?

Adecrease in the selling price of his goods

Ban increase in the quantity of goods purchased

Cdecrease in the purchase price of his goods

Dan increase in the quantity of goods sold

✓ Correct answer

C: decrease in the purchase price of his goods

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 2, question 32.

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