O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2011 · Q241 Mark

Wayne provided the following information. $ $ revenue (sales) 12 800 opening inventory 1 000 purchases 10 500 11 500 closing inventory 1 600 9 900 gross profit 2 900 What was Wayne's gross profit margin?

A22.66%

B25.22%

C27.62%

D29.29%

✓ Correct answer

A: 22.66%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 1, question 24.

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