Question
Question 2: Gross profit is a simple calculation that expresses the difference between the price that materials or goods (food) were bought for and the
Question 2:
Gross profit is a simple calculation that expresses the difference between the price that materials or goods (food) were bought for and the price at which they were sold.
Express the gross profit (GP) in money ($) and as a percentage (%) in the table below. Show the working below the table.
[10 Marks]
| Selling Price | Food Cost | Gross Profit ($) | GP as % |
| $ 10.00 | $2.50 |
|
|
| $12.00 | $4.00 |
|
|
| $8.00 | $3.10 |
|
|
| $15.00 | $4.50 |
|
|
| $31.65 | $8.00 |
|
|
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
