ITPEC IP April 2023 Question 72
ITPEC IP April 2023 — Question 72 of 100
The profit result is 385,000 yen, which is 77% of the planned profit. Use profit = sale price × number sold − purchase price × number purchased.
Planned profit: 1,500 × 1,000 − 1,000 × 1,000 = 500,000 yen.
Actual profit: 1,350 × 1,100 − 1,000 × 1,100 = 1,485,000 − 1,100,000 = 385,000 yen.
The requested ratio is 385,000 ÷ 500,000 × 100 = 77%. There is no fractional percentage to retain.
Answer (a)
Why not others:
- (b), (c), and (d) result from applying individual sales ratios directly or combining them without first calculating actual profit
Key rule: When both unit prices and quantities change, calculate planned and actual profit separately, then divide actual profit by planned profit.
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