ITPEC IP October 2019 Question 67
ITPEC IP October 2019 — Question 67 of 100
The actual profit is 385,000 yen, which is 77% of the planned profit. Actual revenue is 1,350 x 1,100 = 1,485,000 yen and actual purchase cost is 1,000 x 1,100 = 1,100,000 yen. Thus profit is 385,000 yen, and 385,000 / 500,000 x 100 = 77%.
Answer (a)
Why not others:
- 99%, 110%, and 129% do not result from applying the profit formula to the actual price and quantity values
- individual percentage changes cannot simply be combined because profit is the difference between revenue and cost
Key rule: Calculate planned and actual profit separately with sale price x sales quantity - purchase price x purchase quantity, then form the ratio.
AI-generated — may contain errors
The original exam layout is preserved in the image so diagrams, formulas, tables, and code remain accurate.
This question comes from an official ITPEC past paper. ITPEC Practice is an independent study tool and is not affiliated with ITPEC. See the official IP past-paper collection or Report an issue.