Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

The information below has been taken from an income statement. Cost of sales $15\,000$; gross profit $10\,000$; motor expenses $4\,000$; general expenses $1\,000$. What is the profit margin for the year?

A20%
B24%
C36%
D40%

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