O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2023 · Q321 Mark

The table shows the gross margin and profit margin for four businesses. Which business controls its overheads most efficiently?

Agross margin %: 40, profit margin %: 17

Bgross margin %: 37, profit margin %: 15

Cgross margin %: 35, profit margin %: 14

Dgross margin %: 30, profit margin %: 12

✓ Correct answer

D: gross margin %: 30, profit margin %: 12

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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 32.

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