A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2023 · Q141 Mark

A business has a gross profit margin of 25%. The following information is available for the year. $ sales revenue 200 000 opening inventory 10000 closing inventory 5000 What were the purchases for the year?

A$135000

B$145000

C$155000

D$165000

✓ Correct answer

B: $145000

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2023 Paper 1 Variant 2, question 14.

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