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The statement of profit and loss of Hedge Plc is as follows: mn Revenue Cost of sales Gross profit Operating expenses: Profit from operations Finance

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The statement of profit and loss of Hedge Plc is as follows: mn Revenue Cost of sales Gross profit Operating expenses: Profit from operations Finance charges Profit before tax Taxation charge Net profit for the year 1,023 (589) 434 (348) 86 (18) 68 (51) 17 #* What is their gross margin? #. 8.41 9% (B. 1,6696 C 42.4296 D. 34.92%

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