O-LevelAccountingAnalysis and interpretation7707/12 · May/June 2018 · Q221 Mark

A business provided the following information. | | $ | |:---|:---| | revenue | 100 000 | | gross profit | 20000 | What was the percentage mark-up?

A20%

B25%

C75%

D80%

✓ Correct answer

B: 25%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 22.

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