Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

A business shared the following information: revenue: $20000$ gross margin: $25\%$ profit margin: $10\%$ There was no other income. What were the expenses?

  • A$2000$
  • B$2250$
  • C$3000$
  • D$5000$

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