O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2023 · Q311 Mark

A trader provided the following information. credit sales $36000 cash sales 10% of total sales net profit margin 30% How much is the net profit?

A$9720

B$10800

C$11880

D$12000

✓ Correct answer

D: $12000

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2023 Paper 1 Variant 1, question 31.

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