O-LevelAccountingAnalysis and interpretation7707/12 · May/June 2022 · Q281 Mark

A trader provided the following information at the end of the financial year. $ revenue 80 000 gross profit 20000 expenses 12000 What was the profit margin?

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A10%

B15%

C25%

D40%

✓ Correct answer

A: 10%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2022 Paper 1 Variant 2, question 28.

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