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Emilia's Revenue for the Financial Year 20X3 Is £198 000

Question 14

Multiple Choice

Emilia's revenue for the financial year 20X3 is £198 000.This revenue figure is 10% higher than the figure for the 20X2 financial year.The gross profit margin has remained the same for both years: 30%. What was Emilia's gross profit in 20X2?


A) £65 340
B) £54 000
C) £59 400
D) £53 460

Correct Answer:

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