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The accountant for Gizmo Traders provides you with the following information for...
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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 20.4:
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20.4
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20.3
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20.2
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Revenue
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800 000
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500 000
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400 000
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Cost of sales
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(400 000)
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(300 000)
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(300 000)
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Gross profit
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400 000
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200 000
|
100 000
|
|
|
|
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The gross profit percentage on sales for the year ended 31 May 20.2 is …
Instructions:
1. Use a full stop to indicate any decimals (eg: 70.01)
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)