2019 2020 sales price per unit R15 R19 variable cost per unit R6 R7 Fixed cost(FC) per annum R650 000 R855 500 fixed cost per unit R3 R4 current assets R450 600 R560 700 current liabilites R510 000 R780 000 Retained profit R21 809 R17 600 net sales R2900 320 R3 100 100 cost of sales R390 000 R475 000 The gross profit margin indicates how profitable sales have been. Q.5.3.1 Calculate the gross profit margin for Pearson & Litt for 2020.
2019 2020 sales price per unit R15 R19 variable cost per unit R6 R7 Fixed cost(FC) per annum R650 000 R855 500 fixed cost per unit R3 R4 current assets R450 600 R560 700 current liabilites R510 000 R780 000 Retained profit R21 809 R17 600 net sales R2900 320 R3 100 100 cost of sales R390 000 R475 000 The gross profit margin indicates how profitable sales have been. Q.5.3.1 Calculate the gross profit margin for Pearson & Litt for 2020.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
| 2019 | 2020 | |
| sales price per unit | R15 | R19 |
| variable cost per unit | R6 | R7 |
| Fixed cost(FC) per annum | R650 000 | R855 500 |
| fixed cost per unit | R3 | R4 |
| current assets | R450 600 | R560 700 |
| current liabilites | R510 000 | R780 000 |
| Retained profit | R21 809 | R17 600 |
| net sales | R2900 320 | R3 100 100 |
| cost of sales | R390 000 | R475 000 |
The gross profit margin indicates how profitable sales have been.
Q.5.3.1 Calculate the gross profit margin for Pearson & Litt for 2020.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.