Paper 3 · June 2014 · Ratios and Interpretation

Calculate the sales (turnover) of Tana's business for the year ended 31 December 2010, using the net profit given in the notes and the net profit percentage given for her business.

Model answer

100000

Also accepted: $100 000, 100 000

Explanation

Net profit percentage = net profit / sales x 100. Sales = $18,000 / 0.18 = $100,000.

Derived from ZIMSEC Accounting 9197/3 Paper 3 (Case Study), June 2014, Q1

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