O-LevelAccountingAnalysis and interpretation7707/12 · May/June 2021 · Q301 Mark

A trader provided the following information. cost of sales $80000 expenses $4000 profit for the year $16000 What was the profit margin?

A16%

B20%

C21.05%

D26.67%

✓ Correct answer

A: 16%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2021 Paper 1 Variant 2, question 30.

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