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The accountant for Gizmo Traders provides you with the following information for the financial years ended 31 May 20.2; 31 May 20.3 and 31 May
The accountant for Gizmo Traders provides you with the following information for the financial years ended 31 May 20.2; 31 May 20.3 and 31 May 20.4:
20.4 | 20.3 | 20.2 | |
Revenue | 800 000 | 500 000 | 400 000 |
Cost of sales | (400 000) | (300 000) | (300 000) |
Gross profit | 400 000 | 200 000 | 100 000 |
The gross profit percentage on sales for the year ended 31 May 20.3 is
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Don't show the % sign only the numbers (eg: 70.01% is 70.01)
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