O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2025 · Q321 Mark

The following information is taken from an income statement. [Table with data: 'cost of sales $15000', 'gross profit $10000', 'motor expenses $4000', 'general expenses $1000']. What is the profit margin for the year?

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A20%

B24%

C36%

D40%

✓ Correct answer

A: 20%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 32.

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