O-LevelCommerceFinanceOct/Nov 2018Paper 2 Q315 Marks
PP90 plc is a business that manufactures plastic packaging materials. Fig. 2 shows an extract from its Profit and Loss Account (Income Statement) for 2017. Fig. 2 Profit and Loss Account PP90 plc Profit and Loss Account for 2017 $m Sales (revenue) 900 Cost of sales 550 Gross profit 350 Expenses ? Net profit (profit for year) 140 Use Fig. 2 to help you answer the following questions.
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