ILLUSTRATION 4. Following information is given. 2014 2015 $ $ 75,000 50,000 1,50,000 75,000 Sales Cost of goods sold Gross profit on sales 25,000 75,000 During the year 2015, increase in quantity (or volume) was 20%. You are required to : (i) calculate per cent change in selling price and cost of production.

ILLUSTRATION 4. Following information is given. 2014 2015 $ $ 75,000 50,000 1,50,000 75,000 Sales Cost of goods sold Gross profit on sales 25,000 75,000 During the year 2015, increase in quantity (or volume) was 20%. You are required to : (i) calculate per cent change in selling price and cost of production.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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