Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 9 - No. 34)
What is a 'margin'?
The cost of goods sold.
The percentage applied to the cost of goods or services to arrive at the selling price.
The profit expressed as a percentage of the sales value.
The total revenue.
Explanation
The margin is the profit expressed as a percentage of the sales value.
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