Gce Model Questions Vol1 2017 Financial Accounting Question 4
Practice objective / multiple choice question 4 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
The following information relates to a sole trader for the year (amounts in £): Sales 500,000; Opening stock 60,000; Purchases 300,000; Closing stock 70,000; Operating expenses (excluding depreciation) 80,000; Depreciation of machinery 20,000; Interest expense 10,000; Tax expense 15,000. Compute the net profit margin as a percentage of sales (rounded to the nearest whole percent).
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 4. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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