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Can anybody do this question 4 me? (1 Viewer)

spunkymonkey225

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Hi. Ive attachedQuestion 18 of the Business Studies HSC exam 2002 .
Im not sure how to do the question. I was wondering if some1 could have a go @ it for me. The answer is C..

If you can answer it for me. Thankyou!

But please show full working. Because Ive got no idea :confused: We've only just started the financial planning and management subject during these last couple of weeks.
 

truly-in-bliss

my love is like woah!
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HSC
2003
The formula u have to use for this is:

Sales Revenue - Cost of Goods sold = Gross Profit

in this case:

- Sales revenue = Total revneue = $5000

- Cost of Goods Sold = unknown

- Gross Profit = 60%

Which means that :

5000 - ? = 60%
5000 x 40% = ?
? = 2000 which is C)
 

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